Stock Price & Analysis

Based on the provided data and recent market activity, QCOM is showing positive momentum with a closing price of $164.56 on Friday (Jan 17, 2025), up 1.94% in regular trading. Here's a comprehensive analysis:

Technical Analysis

The stock is currently trading above its 20-day moving average of $157.64, indicating short-term bullish momentum. The RSI at 59.19 suggests moderate buying pressure without being overbought. The MACD is positive at 0.86, confirming the bullish trend.

Fibonacci Levels

• Resistance levels: R1: $164.49, R2: $167.17, R3: $171.50
• Support levels: S1: $155.82, S2: $153.14, S3: $148.80
• Pivot: $160.15

Recent Analyst Actions

• Barclays maintains Buy rating with $185 target (12.42% upside)
• Mizuho maintains Buy rating with $215 target (33.94% upside)
• Susquehanna maintains Buy with $210 target (36.12% upside)

Fundamental Catalysts

• Strong chip sector performance with recent market rally
• Positive developments in US-China relations following recent talks
• Company's diversification strategy targeting 50/50 revenue mix between Handsets/Auto & IoT by 2030

Short-term Outlook The stock appears poised for continued upward movement based on:

1. Strong technical setup with price above key moving averages
2. Multiple analyst buy ratings with significant upside targets
3. Positive sector momentum in semiconductor stocks
4. Current price sitting near first resistance level, suggesting potential for breakout

Recommendation Given the positive technical setup, strong analyst support, and broader semiconductor sector strength, QCOM presents a favorable buying opportunity at current levels. Consider entering positions with a stop loss below S1 ($155.82) and initial target at R2 ($167.17).

Based on the provided data and market analysis, here is the price prediction for QCOM stock in 2025:

Qualcomm's stock is expected to reach $204-205 by end of 2025, driven by strong growth in AI-enabled smartphones and expanding market share. The company's dominant position in smartphone processors (31% market share) and potential to capture over 50% of the generative AI smartphone market supports this bullish outlook.

Samsung's expected shift to using Qualcomm's Snapdragon processors exclusively for its Galaxy S25 series, along with partnerships with 15+ other smartphone manufacturers for AI-enabled devices, provides strong revenue visibility.

The S1 support level for QCOM Stock is $157.14 ,The R1 resistant level for QCOM Stock is $172.73.

As of the end of day on 2025-01-24, the price of QCOM Stock was $172.3.

The target price for QCOM Stock according to analyst rating is 198.84, with the highest price target at 250.00 and the lowest at 150.00. Analysts have a Moderate Buy rating on QCOM Stock overall.

The market cap of QCOM is $190.2B.

Based on the provided data and current market context, let me analyze if QCOM is overvalued:

Valuation Analysis: QCOM's current PE ratio of 19.02 for Q4 2024 is significantly lower than its previous quarters (27.19 in Q3 and 22.70 in Q2), suggesting improving valuation metrics. The EV/EBITDA ratio of 15.96 also indicates reasonable valuation compared to industry standards.

Growth Potential: QCOM is not overvalued when considering its strong growth prospects, particularly in automotive and IoT segments, with management projecting a 22.5% CAGR in automotive revenue through 2029 and 21% annual growth in IoT revenue.

Market Position: The company's strategic diversification beyond smartphones and its strong position in 5G technology, combined with emerging opportunities in AI through Snapdragon platforms, supports its current valuation.

Technical Indicators: With an RSI of 59.19, the stock is neither overbought nor oversold, trading near its 60-day moving average of 160.96, indicating balanced market sentiment.

Analyst Consensus: Wall Street analysts have set a mean price target of $207.92, suggesting a 30.3% upside potential from current levels, indicating the stock may actually be undervalued.

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.

Based on the available data and market analysis, here's a projection for QCOM's stock price by 2030:

QUALCOMM's stock price is projected to reach $275-300 by 2030, driven by the company's strategic diversification beyond smartphones into IoT and automotive sectors. The expansion into new growth markets, particularly automotive and IoT segments, positions QUALCOMM for sustained long-term growth despite potential challenges from Apple's planned transition away from QUALCOMM chips by 2027.

The current analyst consensus shows strong bullish sentiment with a mean price target of $204.69, indicating a 28.5% upside potential in the near term. This positive outlook, combined with QUALCOMM's leadership in 5G technology and wireless innovations, supports the long-term growth trajectory.

QCOM has a total of 50000 employees.