Qualcomm stock forecast incorporates macroeconomic tailwinds

Qualcomm stock forecast incorporates macroeconomic tailwinds from easing interest rate pressures, which enhance tech valuations and margin expansion prospects. In its annual Snapdragon Summit event in October, the company unveiled two new generative AI-integrated chips, the Snapdragon 8 Gen 3 for smartphones and the Snapdragon X Elite for the personal computer (PC) market. For improved audio experiences, it also unveiled the AI-powered S7 and S7 Pro Gen 1 sound platforms. Earnings estimates for Qualcomm for fiscal 2025 have moved up 8.6% to $11.87 over the past year, while the same for fiscal 2026 has declined 2.5% to $11.86. The mixed estimate revision depicts that investors are skeptical about the growth potential for the stock. Qualcomm stock forecast benefits from rising adoption of Snapdragon platforms in emerging markets, with analysts projecting a 15% sales increase in APAC regions. RSI levels at 58 indicate room for further technical rally before overbought conditions.