Qualcomm and MediaTek Competition Intensifies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: seekingalpha
- Intensifying Market Competition: Mizuho analyst Vijay Rakesh noted that competition between Qualcomm (QCOM) and MediaTek (MTK) is heating up, with QCOM entering low/mid-end markets while MTK remains aggressive on pricing in the high-end, although QCOM still leads the market.
- Samsung Partnership Outlook: Samsung is expected to potentially increase Exynos2600 deployments through 2026, with QCOM noted to have over 75% penetration in Samsung, further solidifying its position in the high-end market.
- Expansion of China Supply Chain: The China RF supply chain is expanding, with Maxscend, Vanchip, and Hisilicon working through CETC, Runxin, and SMEI to increase penetration into mid-end phones among Chinese OEMs, indicating growing market demand.
- Price Target Adjustment: Rakesh reiterated a Neutral rating on Qualcomm but lowered the price target from $175 to $160, reflecting a cautious outlook on the company's future performance.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 197.14 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 152.700
Low
165.00
Averages
197.14
High
225.00
Current: 152.700
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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