Susquehanna analyst Christopher Rolland has reiterated their bullish stance on QCOM stock, giving a Buy rating today.
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Christopher Rolland has given his Buy rating due to a combination of factors including Qualcomm’s strong performance across several business segments such as Handsets, Automotive, and IoT. The company reported record revenues in QCT Handsets, driven by increased volume and content in premium-tier Android devices, along with significant market share gains with the Snapdragon 8 Elite in Samsung’s Galaxy S25. Additionally, Qualcomm’s business in China remains robust, with high demand for new flagship smartphones, which supports their growth.
The company’s guidance, while cautious in some areas like QTL revenues, does not fully account for potential upsides from factors such as possible China subsidies or Huawei settlements. Qualcomm’s advancements in IoT, with over 80 design wins in production or development for the Snapdragon X Series, and continued success in the Automotive sector with record revenue achievements, further bolster its long-term growth prospects. Management’s commitment to expanding beyond its traditional modem and cellular IP business into a broad-based semiconductor player underpins Rolland’s positive outlook and reaffirmation of their price target.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $215.00 price target.