Analysts rate Qualcomm Incorporated (QCOM:NSD) with a Strong Buy rating and a $178 target

Based on the Qualcomm Stock Forecast from 18 analysts, the average analyst QCOM stock price target is USD 178.87 over the next 12 months. Qualcomm Incorporated’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Qualcomm stock forecast is Slightly Bullish, which is based on 11 positive signals and 7 negative signals. At the last closing, Qualcomm stock price was USD 119.74Qualcomm stock price has changed by -6.91% over the past week, -18.64% over the past month and -10.29% over the last year.

 

About Qualcomm Incorporated (QCOM:NSD):

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).  It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.

 

QCOM’s Most Recent Ratings:

Downgraded by DZ Bank Buy » Hold USD 150 2022-07-29
Maintains Raymond James Strong Buy USD 222 » USD 190 2022-07-28
Target Lowered by Canaccord Buy » Buy USD 250 » USD 225 2022-07-28
Maintains Piper Sandler Overweight USD 190 » USD 185 2022-07-28
Maintains Mizuho Securities Buy USD 168 » USD 175 2022-07-28
Target Raised by Wells Fargo Maintains USD 135 » USD 150 2022-07-28
Maintains Deutsche Bank Capital Buy USD 190 » USD 170 2022-07-20
Lowered Cowen USD 185 2022-07-19
Upgraded by Edward Jones Hold » Buy 2022-07-15
Maintains JP Morgan Overweight USD 205 » USD 185 2022-07-14
Target Lowered by Wells Fargo Equal Weight USD 150 » USD 135 2022-07-11
Maintains Mizuho Securities Buy USD 185 » USD 168 2022-06-21
Target Raised by Tigress Financial USD 195 » USD 238 2022-05-05
Target Lowered Susquehanna Bancshares USD 190 » USD 165 2022-04-28
Target Lowered by UBS USD 185 » USD 155 2022-04-28
Target Lowered Morgan Stanley OW USD 223 » USD 167 2022-04-25
Target Lowered by Barclays Equal Weight USD 185 » USD 160 2022-04-25
Target Lowered by Deutsche Bank Capital USD 210 » USD 190 2022-04-20
Target Lowered by Mizuho Securities Buy USD 210 » USD 185 2022-04-18
Downgraded by Sumitomo Mitsui Financial
Group Outperform » Neutral USD 215 » USD 155 2022-04-18
Maintains STA Research Buy USD 188 2022-04-18
Target Lowered by KeyBanc Overweight USD 230 » USD 200 2022-04-12
Target Lowered by JP Morgan & Company USD 240 » USD 205 2022-04-05
Target STA Research Buy USD 188 2022-04-05
Target Raised by Robert W Baird USD 200 » USD 250 2022-02-04

 

What we like:

High market capitalization:

QCOM stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns:

QCOM stock price has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

Low volatility:

Qualcomm stock forecast shows that the stock’s annual returns have been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Superior total returns:

QCOM stock price has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Underpriced compared to earnings:

QCOM stock price is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity:

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization:

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets:

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow:

Qualcomm stock forecast the company had positive total cash flow in the most recent four quarters.

Positive free cash flow:

Qualcomm stock forecast the company had positive total free cash flow in the most recent four quarters.

High Gross Profit to Asset Ratio:

QCOM stock price is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

 

What we don’t like:

Overpriced compared to book value:

QCOM stock price is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis:

QCOM stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Highly leveraged:

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis:

QCOM stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth:

QCOM stock price has shown below median earnings growth in the previous 5 years compared to its sector.

Low Revenue Growth:

QCOM stock price has shown below median revenue growth in the previous 5 years compared to its sector.

Low Dividend Growth:

QCOM stock price has shown below median dividend growth in the previous 5 years compared to its sector.