Wall Street misprices QCOM as a handset stock while automotive revenue surged 61% and Cristiano Amon targets $40B in non-handset revenue by 2029.
AVGO and MRVL both carry AI premiums, yet QCOM's forward P/E of 16 and EV/EBITDA of 13 make it the cheaper data center bet.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Qualcomm didn't make the cut. Grab the names FREE today.
Wall Street prices Qualcomm (NASDAQ: QCOM) like a handset company facing a slow Apple exit. Our model sees a diversified semiconductor platform with a credible path into the data center, priced at a discount to its earnings power.
The 24/7 Wall St. price target for Qualcomm is $226.05 over the next 12 months, implying 41.14% upside from the current $160.61 quote. Our recommendation is buy, with a high confidence level of 90%.
#qualcomm #center
AVGO and MRVL both carry AI premiums, yet QCOM's forward P/E of 16 and EV/EBITDA of 13 make it the cheaper data center bet.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Qualcomm didn't make the cut. Grab the names FREE today.
Wall Street prices Qualcomm (NASDAQ: QCOM) like a handset company facing a slow Apple exit. Our model sees a diversified semiconductor platform with a credible path into the data center, priced at a discount to its earnings power.
The 24/7 Wall St. price target for Qualcomm is $226.05 over the next 12 months, implying 41.14% upside from the current $160.61 quote. Our recommendation is buy, with a high confidence level of 90%.
#qualcomm #center
7 hours ago
