Qualcomm: Raising My Price Target Despite The AI Growth Story In Question
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Qualcomm's Q1 FY 2025 results show strong earnings growth, particularly in IoT and automotive segments, despite recent underperformance. The company faces risks from competition, Huawei uncertainties, and rising manufacturing costs. The analyst maintains a buy rating and raises the price target for QCOM.
March 18, 2025 | 5:15 am
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Qualcomm's Q1 FY 2025 results were strong, driven by growth in IoT and automotive. Despite risks from competition and Huawei, the analyst maintains a buy rating and raises the price target.
The strong earnings growth in key segments like IoT and automotive supports a positive outlook. The analyst's decision to maintain a buy rating and raise the price target suggests confidence in Qualcomm's future performance, despite existing risks.
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IMPORTANCE 80
RELEVANCE 100