Rosenblatt Maintains Qualcomm Buy Rating at $225 Price Target

Qualcomm's stock has been maintained at a "Buy" rating by analyst Kevin Cassidy from Rosenblatt, with a price target of $225. Cassidy's stance reflects continued optimism about the company's future performance, despite market dynamics. The average target price for Qualcomm is $177.50, with a high estimate of $225.00 and a low estimate of $140.00, implying an 11.59% upside from the current price. The average brokerage recommendation is 2.4, indicating "Outperform" status. The estimated GF Value for Qualcomm in one year is $160.62, suggesting a 0.98% upside from the current price.

Title: Analysts Maintain Optimism on Qualcomm Stock Despite Market Dynamics

Qualcomm Incorporated (NASDAQ: QCOM) has seen a consistent "Buy" rating from analysts, with a notable price target of $225 from Rosenblatt's Kevin Cassidy. This optimism is reflected despite recent market fluctuations and ongoing challenges. The average target price for Qualcomm stands at $177.50, with high estimates reaching $225.00 and low estimates at $140.00, indicating an 11.59% upside from the current price. The average brokerage recommendation is 2.4, which translates to an "Outperform" status.

Analysts have noted the company's robust financial performance, with a recent earnings report showing earnings per share (EPS) of $2.77, surpassing expectations. Revenue for the latest quarter was approximately $10.98 billion, reflecting a 17% year-over-year growth. This growth is driven by strong segments, including the Automotive division, which grew 21% annually, and the Handsets division, which managed 7% growth driven by demand for the Snapdragon 8 Elite platform.

Despite these positive indicators, analysts have cited potential challenges. Mizuho recently lowered its price target to $185 due to concerns over Qualcomm CDMA Technologies (QCT) margins. Additionally, the company's reliance on the wireless technology market and global supply chain issues pose risks. However, the company's strong financial health, as indicated by a net margin of over 26% and a solid dividend yield of about 2.21%, offers reassurance to investors.

The estimated GF Value for Qualcomm in one year is $160.62, suggesting a 0.98% upside from the current price. This indicates a cautious but optimistic outlook, suggesting that investors might see modest gains over the next year.

References
[1] https://www.marketbeat.com/stocks/NASDAQ/QCOM/forecast/
[2] https://ca.investing.com/news/analyst-ratings/mizuho-lowers-qualcomm-stock-price-target-to-185-on-qct-margin-concerns-93CH-4129812
[3] https://www.investing.com/news/analyst-ratings/qualcomm-stock-maintains-buy-rating-at-benchmark-despite-afterhours-weakness-93CH-4163886