Qualcomm's Strong Earnings and Forecast Propel Stock Surge
TL;DR Summary
Qualcomm is expected to report increased revenue and profits for its fourth quarter, but analysts predict slower growth next year due to a sluggish smartphone and PC market. While analysts have mixed ratings on Qualcomm's stock, with a majority holding a neutral stance, the average price target suggests potential for stock price growth. JPMorgan analysts have lowered their future revenue and profit estimates, citing slow recovery in the smartphone market and modest AI adoption.
- What Analysts Think of Qualcomm's Stock Ahead of Earnings Investopedia
- Qualcomm pops on chipmaker's earnings and revenue beat CNBC
- Qualcomm’s rosy forecast sends stock surging, and more buybacks may be on deck MarketWatch
- Qualcomm, Arm Results Show Phone Industry Making Uneven Comeback Bloomberg
- Qualcomm forecasts beats estimates, shares jump 8.5% Reuters
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