Qualcomm shares have declined recently but are viewed as undervalued due to strong growth prospects outside handsets, particularly in data centers and automotive sectors. The company aims to nearly double non-handset revenue to $40 billion by fiscal 2029, with data center revenue expected to triple from $5 billion in 2027 to $15 billion in 2029. Despite a recent earnings miss and handset revenue decline, management's investments in data center technology and pricing strategies support a bullish outlook with a 24/7 Wall St. price target of $226.05, implying 41% upside. Risks include a sharp drop in Apple-related revenue and margin pressures from rising costs, but even the bear case suggests gains from current levels.
Qualcomm is experiencing headwinds from Apple-related attrition and memory/storage supply issues, leading to mixed handset performance expected through fiscal 2027. However, the company’s diversification into data center and automotive markets is gai...
Intel's stock fell sharply by 15.7% last week, retreating from its August rally despite strong Q2 results including revenue and AI growth beats. The decline was driven by profit-taking and concerns over a large non-cash charge and cautious PC demand ...
Qualcomm's stock has been upgraded back to Buy after a sharp correction brought its valuation to a more reasonable 17 times forward earnings. Despite near-term challenges such as weak Chinese smartphone demand, rising component costs, and Apple's shi...
