Qualcomms 0.54 Decline Amid 115B Volume Rank 71 as Analysts Back 1B Auto Revenue and 150 Price Target

On August 5, 2025, Qualcomm (QCOM) traded with a 0.54% decline, its volume reaching $1.15 billion, ranking 71st in market activity. Recent earnings highlighted resilience, with revenue aligning with forecasts and non-GAAP EPS exceeding expectations. Management raised Q3 guidance above analyst estimates, signaling confidence in growth despite broader market volatility. However, the stock’s post-earnings pullback of nearly 10% has drawn attention, driven by lingering concerns over Apple’s potential shift to in-house modem development—a risk Qualcomm has long acknowledged but emphasized as mitigated by diversified revenue streams.

Analysts remain cautiously optimistic. Cantor Fitzgerald reaffirmed a $150 price target, noting Qualcomm’s strong positioning in emerging sectors like XR/AR and automotive, with guidance pointing to $1 billion in automotive revenue for Q3. While near-term seasonality and margin pressures in its core chipset division pose challenges, the stock’s valuation remains attractive relative to peers. Technical indicators suggest oversold conditions, with failed attempts to break below key support levels hinting at potential stabilization. Wall Street’s bullish consensus, including a $185 target from Sanford Bernstein, underscores confidence in Qualcomm’s long-term trajectory despite short-term turbulence.

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