Across the recent three months, 23 analysts have shared their insights on Qualcomm QCOM, expressing a variety of opinions spanning from bullish to bearish.
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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 6 | 5 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 0 | 0 | 0 | 0 |
| 3M Ago | 7 | 5 | 5 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $198.04, along with a high estimate of $270.00 and a low estimate of $140.00. This upward trend is evident, with the current average reflecting a 12.73% increase from the previous average price target of $175.67.
Decoding Analyst Ratings: A Detailed Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive Qualcomm. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Vinh | Keybanc | Raises | Overweight | $225.00 | $205.00 |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $270.00 | $238.00 |
| Matt Ramsay | TD Cowen | Raises | Buy | $235.00 | $200.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $240.00 | $180.00 |
| Tal Liani | B of A Securities | Raises | Buy | $245.00 | $180.00 |
| Jim Kelleher | Argus Research | Raises | Buy | $205.00 | $180.00 |
| Cody Acree | Benchmark | Maintains | Buy | $200.00 | $200.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Neutral | $190.00 | $190.00 |
| Christopher Danely | Citigroup | Raises | Neutral | $170.00 | $160.00 |
| Michael Walkley | Canaccord Genuity | Raises | Buy | $206.00 | $180.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $185.00 | $155.00 |
| Harsh Kumar | Piper Sandler | Raises | Overweight | $185.00 | $165.00 |
| Samik Chatterjee | JP Morgan | Raises | Overweight | $185.00 | $170.00 |
| Gary Mobley | Wells Fargo | Raises | Underweight | $140.00 | $120.00 |
| Timothy Arcuri | UBS | Raises | Neutral | $175.00 | $165.00 |
| Tristan Gerra | Baird | Raises | Outperform | $200.00 | $160.00 |
| Joseph Moore | Morgan Stanley | Raises | Equal-Weight | $172.00 | $158.00 |
| Tal Liani | B of A Securities | Raises | Buy | $180.00 | $173.00 |
| Chris Caso | Wolfe Research | Raises | Outperform | $200.00 | $180.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $180.00 | $160.00 |
| Frank Lee | HSBC | Raises | Buy | $190.00 | $170.00 |
| Cody Acree | Benchmark | Announces | Buy | $200.00 | - |
| Mark Lipacis | Evercore ISI Group | Announces | In-Line | $177.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Qualcomm. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Qualcomm compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Capture valuable insights into Qualcomm's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Qualcomm analyst ratings.
Discovering Qualcomm: A Closer Look
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: A Financial Overview
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining Qualcomm's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.23% as of 31 March, 2024, showcasing a substantial increase in 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 24.77%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Qualcomm's ROE excels beyond industry benchmarks, reaching 9.79%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Qualcomm's ROA excels beyond industry benchmarks, reaching 4.42%. This signifies efficient management of assets and strong financial health.
Debt Management: Qualcomm's debt-to-equity ratio stands notably higher than the industry average, reaching 0.63. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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