Summary:
- Qualcomm (QCOM, Financial) seeks to bolster its AI capabilities by acquiring Alphawave IP for $2.4 billion.
- Wall Street analysts set an average price target of $175.39, forecasting a 13.36% upside potential.
- GuruFocus estimates an upside of 3.59% based on the projected GF Value of $160.27.
Qualcomm (QCOM) has announced its acquisition of British semiconductor company Alphawave IP, valued at approximately $2.4 billion. This strategic move aims to enhance Qualcomm's AI technology offerings.
Wall Street Analysts Forecast
According to insights from 30 analysts, Qualcomm Inc's (QCOM, Financial) average one-year price target stands at $175.39. Projections range from a high of $270.00 to a low of $140.00. The average target suggests a potential upside of 13.36% from the current price of $154.72. For more detailed estimates, visit the Qualcomm Inc (QCOM) Forecast page.
Brokerage Recommendations
The consensus from 42 brokerage firms positions Qualcomm Inc (QCOM, Financial) with an average brokerage recommendation of 2.4, classifying it as "Outperform." This rating is on a scale where 1 signifies Strong Buy, and 5 indicates Sell.
GuruFocus Insights
Based on GuruFocus estimates, the projected GF Value for Qualcomm Inc (QCOM, Financial) in a year is $160.27. This implies a possible upside of 3.59% from its current price of $154.72. The GF Value is determined by the stock's historical trading multiples, past business growth, and future performance projections. More detailed information is available on the Qualcomm Inc (QCOM) Summary page.
