Qualcomm 
QCOM is a global leader in wireless technology, focusing on 5G chipsets, AI-capable Snapdragon processors, and connectivity solutions for smartphones, IoT, and automotive. Revenue through 3 quarters of 2025 is ~$40B. Revenue growth is anticipated to be 10-12%, year over year (2026: ~$45B; 2027: ~$50B; 2028: ~$56B). 5G adoption, AI chip demand, and automotive needs should continue to drive the stock price. Earnings per share are projected to grow 12-14%, year over year (2026: ~$11.20; 2027: ~$12.80; 2028: ~$14.70). Thus, the future looks quite bright for QCOM .
Regarding price, it is currently trading at a PE of 15x and has a 2.25% dividend. The price is resting just above my historical simple moving average channel. I do anticipate it to drop into the channel (down in the high $130's-$140's) in the near-term due to typical September selloffs. However, I plan on adding more in the zone. A major bear case would be a major drop into the $90's to fill the price gaps on the daily chart before moving higher. I do not think this will happen unless a major catalyst in the market emerges - but always be prepared. Regardless, it is a strong company providing products and services that are in high demand. Currently fairly valued, I believe it become undervalued as the demand for 5G and new phone chips with AI capabilities emerges.
Thus, at $156.60,QCOM is in a personal buy zone with a likely near-term drop into the $130's and $140's.
Targets into 2028:
QCOM is a global leader in wireless technology, focusing on 5G chipsets, AI-capable Snapdragon processors, and connectivity solutions for smartphones, IoT, and automotive. Revenue through 3 quarters of 2025 is ~$40B. Revenue growth is anticipated to be 10-12%, year over year (2026: ~$45B; 2027: ~$50B; 2028: ~$56B). 5G adoption, AI chip demand, and automotive needs should continue to drive the stock price. Earnings per share are projected to grow 12-14%, year over year (2026: ~$11.20; 2027: ~$12.80; 2028: ~$14.70). Thus, the future looks quite bright for QCOM .Regarding price, it is currently trading at a PE of 15x and has a 2.25% dividend. The price is resting just above my historical simple moving average channel. I do anticipate it to drop into the channel (down in the high $130's-$140's) in the near-term due to typical September selloffs. However, I plan on adding more in the zone. A major bear case would be a major drop into the $90's to fill the price gaps on the daily chart before moving higher. I do not think this will happen unless a major catalyst in the market emerges - but always be prepared. Regardless, it is a strong company providing products and services that are in high demand. Currently fairly valued, I believe it become undervalued as the demand for 5G and new phone chips with AI capabilities emerges.
Thus, at $156.60,
QCOM is in a personal buy zone with a likely near-term drop into the $130's and $140's.Targets into 2028:
- $191.00 (+22.0%)
- $225.00 (+43.7%)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.