Beyond The Numbers: 15 Analysts Discuss Qualcomm Stock

Analysts' ratings for Qualcomm QCOM over the last quarter vary from bullish to bearish, as provided by 15 analysts.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $160.13, with a high estimate of $180.00 and a low estimate of $132.00. Marking an increase of 6.83%, the current average surpasses the previous average price target of $149.89.

Decoding Analyst Ratings: A Detailed Look

A comprehensive examination of how financial experts perceive Qualcomm is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Qualcomm. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Qualcomm compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Qualcomm's stock. This analysis reveals shifts in analysts' expectations over time.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Qualcomm's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Qualcomm analyst ratings.

Get to Know Qualcomm Better

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.

Qualcomm: Financial Performance Dissected

Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.

Revenue Growth: Over the 3 months period, Qualcomm showcased positive performance, achieving a revenue growth rate of 4.99% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.

Net Margin: Qualcomm's net margin is impressive, surpassing industry averages. With a net margin of 27.85%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 12.4%, the company showcases effective utilization of equity capital.

Return on Assets (ROA): Qualcomm's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.36%, the company showcases efficient use of assets and strong financial health.

Debt Management: Qualcomm's debt-to-equity ratio stands notably higher than the industry average, reaching 0.67. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

Understanding the Relevance of Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.