Qualcomm (QCOM) has shown strong fundamentals, with a high rating of 91% from Validea's P/E/Growth Investor model, indicating strong interest based on its fundamentals and valuation in the Communications Equipment industry. The company has a market cap of $187.3B and a P/E ratio of 18.10, which is reasonable compared to industry peers. Recent earnings reports have been strong, with revenue growth of 18.69% and a net margin of 28.5%, showcasing efficient cost management and strong financial health.
The stock is currently trading near the middle of its Fibonacci levels, with a pivot point of 155.53. The RSI values (49.02 for RSI_6, 45.84 for RSI_12, and 45.60 for RSI_14) indicate a neutral position, not overbought or oversold. The MACD is slightly negative (-2.23), but the histogram is improving, suggesting potential for a bullish crossover. The stock is trading near the middle of its Fibonacci levels, with a pivot point of 155.53.
Qualcomm has made positive headlines recently, including the launch of three new Snapdragon G-series gaming chipsets, which could elevate handheld gaming experiences. The company has also increased its quarterly dividend, signaling confidence in its financial health. Additionally, Qualcomm's CEO Cristiano Amon attended a significant meeting with U.S. Senator Steve Daines and other business leaders, emphasizing the company's strategic positioning in the industry.
Analysts have a Moderate Buy consensus on QCOM, with a price target consensus of $196.65, representing a 16.14% upside from current levels. Recent analyst actions include a Buy rating from Barclays with a price target of $185.00 and a Hold rating from Evercore ISI with a price target of $179.00.
Based on the strong fundamentals, positive news sentiment, and improving technical indicators, Qualcomm's stock is expected to rise in the next trading week. The stock is likely to break above its current resistance level and move towards the upper Fibonacci level.
Predicted Price for Next Trading Week: $162.00
Recommendation: Buy
The price of QCOM is predicted to go up 18.28%, based on the high correlation periods with LXFR. The similarity of these two price pattern on the periods is 94.97%.
QCOM
LXFR
Year
QCOM Price Forecast($)
Potential Return(%)
2025
200.000
26.720
2026
190.000
20.890
2027
220.000
39.980
2028
250.000
59.060
2029
250.000
59.060
2030
350.000
122.690
Qualcomm collects royalty income on the majority of 4G and 5G handsets sold, as it holds many essential patents used in these networks.
Qualcomm is the clear market leader in wireless chips, with a leading market-share position in 5G chipsets and relationships with every prominent smartphone maker. It has leveraged this expertise into the automotive and Internet of Things end markets.
Qualcomm appears poised to gain share in PC CPUs as, after many years of fits and starts, the Windows ecosystem might finally be tilting its support toward CPUs from companies like Qualcomm.
Mizuho
2025-01-07
Price Target
$245 → $215
Upside
+33.94%
Melius Research
2024-12-09
Price Target
$180
Upside
+11.98%
Susquehanna
2024-11-20
Price Target
$230 → $210
Upside
+36.12%