Technical Analysis: QCOM's recent price action shows significant volatility with a notable decline of -4.76% in the last trading session. The stock is currently trading at $165.43, below both its 5-day and 10-day SMAs of $172.04 and $171.40 respectively, indicating short-term bearish momentum.
Key Technical Indicators:
News Impact & Fundamental Drivers:
Price Prediction for Next Week (Feb 24-28, 2025): Based on technical and fundamental analysis:
Trading Recommendation: SELL Rationale:
Target price for next week: $166.70 (Fibonacci S1), with potential downside to $164.06 (Fibonacci S2) if market sentiment remains weak.
The price of QCOM is predicted to go up -3.1%, based on the high correlation periods with EFSC. The similarity of these two price pattern on the periods is 95.98%.
QCOM
EFSC
Year
QCOM Price Forecast($)
Potential Return(%)
2025
200.000
26.720
2026
220.000
27.220
2027
250.000
44.570
2028
250.000
44.570
2029
250.000
44.570
2030
300.000
73.480
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%