Qualcomm Analyst Predicts 34% Upside: 'Share Price Pullback Offers Entry Point'
Portfolio Pulse from Surbhi Jain
JPMorgan analyst Samik Chatterjee sees a 34% upside for Qualcomm Inc (NASDAQ:QCOM) shares, which have dropped 13% in the past month. Chatterjee revised the price target to $235 for December 2025, driven by Qualcomm's strategic focus on AI smartphones, AI PCs, and the automotive sector. He expects double-digit revenue growth and a significant increase in PC-related revenue. Despite potential competition, Chatterjee maintains an Overweight rating on Qualcomm.
July 26, 2024 | 5:04 pm
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JPMorgan analyst Samik Chatterjee sees a 34% upside for Qualcomm shares, revising the price target to $235 for December 2025. The drop in share price presents a good entry point for investors, driven by Qualcomm's focus on AI smartphones, AI PCs, and the automotive sector.
The analyst's revised price target and positive outlook on Qualcomm's strategic focus on AI and automotive sectors are likely to boost investor confidence. The recent share price drop offers a compelling entry point, making the stock attractive for short-term gains.
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