QUALCOMM Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
QUALCOMM Incorporated (NASDAQ:QCOM) is expected to report lower Q4 earnings at $1.8 per share, down from $3.13 per share in the previous year. The company's revenue is also expected to decrease to $8.03 billion from $11.39 billion. Despite this, the company has recently announced several new product launches and initiatives, particularly in artificial intelligence. The company's shares gained 1.1% to close at $108.99 on Tuesday. Several analysts have given their ratings and price targets for the company, with most maintaining a positive outlook.
November 01, 2023 | 6:15 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
QUALCOMM is expected to report lower Q4 earnings and revenue. However, the company is launching new products and initiatives, which could potentially drive future growth.
While the expected lower earnings and revenue for Q4 could negatively impact the stock price in the short term, the company's new product launches and initiatives, particularly in the field of AI, could potentially drive future growth and positively impact the stock price in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100