Qualcomm stock forecast recent Qualcomm stock forecast

Recent Qualcomm stock forecast adjustments reflect better-than-expected handset shipments following stabilization in global smartphone demand. Free cash flow growth supports a dividend yield of 2.4%, appealing to income-focused investors. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. To track insider transactions, check out Quiver Quantitative's insider trading dashboard. Qualcomm stock forecast remains bullish as QCOM trades near $168, supported by strong quarterly earnings up 12% YoY and rising demand for 5G chipsets in smartphones and automotive sectors. Analysts cite resilient margins and robust guidance for FY2024 with EPS projected at $9.