Update shared on04 Sep 2025
Analysts maintain a stable price target for QUALCOMM at $177.71, supported by optimism in diversification into automotive, AI, and IoT despite conservative near-term guidance, as recent results slightly exceeded expectations and management’s transformation efforts bolster confidence in future growth.
Analyst Commentary
- Bullish analysts highlight building momentum from emerging opportunities in advanced driver-assistance systems, robotics, personal AI devices, datacenter, and industrial automation, forecasting stronger fundamentals starting fiscal 2027.
- The current stock valuation is considered to price in excessive distress, not reflective of the company’s underlying healthy fundamentals.
- Recent results slightly exceeded expectations, and forward guidance was generally in line, supporting the company's execution of its diversification strategy.
- Management’s ongoing transformation initiatives are viewed as a catalyst for renewed investor confidence and future growth.
- Future growth prospects are seen as strong, particularly in automotive and IoT verticals, despite some minor downward revisions to near-term price targets due to conservatism in guidance.
What's in the News
- Abu Dhabi's G42 is seeking to diversify its chip suppliers for its AI campus beyond Nvidia, considering Qualcomm, AMD, and Cerebras Systems among alternatives (Semafor).
- The Trump administration is deliberating reallocating $2B from the CHIPS Act into critical minerals, potentially impacting funding for semiconductor research and U.S. chipmakers such as Qualcomm (Reuters).
- President Trump has purchased substantial corporate bonds, including those issued by Qualcomm, as part of personal investment activities while in office (Bloomberg).
- U.S. Commerce Secretary is evaluating taking non-voting equity stakes in major chipmakers, including Qualcomm, in exchange for CHIPS Act grants (Reuters).
- The U.S. froze certain tech export curbs on China—affecting companies like Qualcomm—in order to support ongoing trade negotiations with President Xi (Financial Times).
Valuation Changes
Summary of Valuation Changes for QUALCOMM
- The Consensus Analyst Price Target remained effectively unchanged, at $177.71.
- The Future P/E for QUALCOMM remained effectively unchanged, moving only marginally from 19.30x to 19.32x.
- The Consensus Revenue Growth forecasts for QUALCOMM remained effectively unchanged, at 2.7% per annum.
Disclaimer
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