Qualcomm's Stock Tumbles Amid Market Uncertainty: Analysts See Long-Term Potential

Qualcomm's stock has fallen 7.99% over the past week, nearing its 52-week low. Analysts have mixed views on the company's near-term prospects, but some see value in its diverse product portfolio and expect earnings growth. Qualcomm is expanding its focus on promising sectors like IoT, automotive, and AI, which could drive future growth. The company's upcoming Q3 earnings report is expected to be closely watched, with options traders anticipating significant stock movement.

Qualcomm Incorporated (NASDAQ: QCOM) has seen its stock price fall by 7.99% over the past week, nearing its 52-week low. The decline comes amidst mixed analyst sentiments and concerns about the company's near-term prospects. Despite the recent drop, some analysts see value in Qualcomm's diverse product portfolio and expect earnings growth, particularly from its focus on IoT, automotive, and AI sectors.

The company's third-quarter earnings report, released on July 30, 2025, showed a 10% revenue growth slowdown compared to the previous quarter. The Handset segment grew by 7%, while the IoT and Auto segments saw increases of 24% and 21% respectively. Despite these strong performances, the stock price dropped due to investor concerns about maintaining momentum amidst increasing competition and macroeconomic pressures [2]. The QCT segment, which includes mobile chips, automotive chips, and IoT chips, posted revenue of $8.99 billion, up 11% year over year. The licensing segment (QTL), which includes intellectual property and patent licensing revenue, delivered $1.32 billion in revenue, a 4% increase year over year [2].

Analysts have varied views on Qualcomm's near-term prospects. JPMorgan Chase & Co. increased their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating [1]. However, Evercore ISI dropped their price target on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock [1]. One analyst has rated the stock with a sell rating, eleven have given a hold rating, and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $182.48 [1].

Qualcomm's stock price closed at $159.06 on July 30, 2025, up 13.77% in the last 3 months and down -12.10% in the last 12 months [2]. Bernstein analyst Stacy Rasgon maintained his "Buy" rating on the stock, citing the company's strong earnings and growth prospects [2].

The upcoming Q3 earnings report is expected to be closely watched by investors and options traders alike, who anticipate significant stock movement. The report is set to provide insights into Qualcomm's performance in the automotive and IoT segments, which have shown strong growth in recent quarters.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-qualcomm-incorporated-nasdaqqcom-position-increased-by-mitsubishi-ufj-trust-banking-corp-2025-08-02/
[2] https://www.ainvest.com/news/qualcomm-q3-earnings-slowing-growth-q4-guidance-falls-short-2508/