Qualcomm stock forecast incorporates macroeconomic tailwinds from easing interest rate pressures, which enhance tech valuations and margin expansion prospects. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions The wireless technology leader reported fiscal third-quarter revenue of $10.4 billion, topping analyst estimates of $10.34 billion with a 10% year-over-year increase. Non-GAAP earnings per share of $2.77 exceeded forecasts by 2.2%, yet the market's lukewarm response underscores ongoing skepticism about the company's prospects. Market data suggest Qualcomm stock forecast aligns with the SOX semiconductor index trends, with chip demand recovery in late Q2 2024 likely to provide short-term catalysts. Institutional buying volume has increased 8% week-over-week.
