Qualcomm: Expect a Solid Showing in FQ2 Earnings, Says 5-Star Analyst

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Qualcomm: Expect a Solid Showing in FQ2 Earnings, Says 5-Star Analyst

TipRanks2022-04-26

Qualcomm (QCOM) investors have several worrying macro developments to contend with right now. These include weak 5G smartphone trends and new Covid-19 lockdowns in China which are impacting smartphone...

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lcw5257
·2022-04-26
Heelo
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Mr Mooney
·2022-04-26
So far go down week by week slowly...
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Home22
·2022-04-26
🚀🚀🚀
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BullishKing
·2022-04-26
Sure boh...
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Sushi__
·2022-04-26
Hmmm
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gachaboi123
·2022-04-26
Hi
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ValAly
·2022-04-26
Like
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These include weak 5G smartphone trends and new Covid-19 lockdowns in China which are impacting smartphone...</p>\n\n<a href=\"https://www.tipranks.com/news/article/qualcomm-expect-a-solid-showing-in-fq2-earnings-says-5-star-analyst/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QCOM","symbol_name":"高通","start_time":0,"source_url":"https://www.tipranks.com/news/article/qualcomm-expect-a-solid-showing-in-fq2-earnings-says-5-star-analyst/","article_id":"2230178950","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1606183248679","url":"https://www.tipranks.com/news/article/qualcomm-expect-a-solid-showing-in-fq2-earnings-says-5-star-analyst/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2230178950","pubTimestamp":1650963607,"sourceInfo":{"source_id":"lsy1606183248679","name":"TipRanks"},"weMediaInfo":null,"summary":"Qualcomm (QCOM) investors have several worrying macro developments to contend with right now. 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Additionally, the “strong trends” in IoT and automotive will supplement the overall uptick in revenue and “contribute to expanding margins.”As management has said smartphones have been a priority during the first half of F2022, Walkley expects 2HF2022 estimates will be positively impacted from the “strong backlog for the margin accretive IoT and automotive businesses.”Walkley is bullish not only on 5G and its positive implications for the QCT segment but sees a $10 billion SAM opportunity in Android smartphones as the company takes market share from Huawei. Additionally, anticipating “sustained higher margin trends,” Walkley sees no reason to change his current F2022 and F2023 estimates despite the current headwinds.More in the here and now, Walkley believes the company’s FQ2 results will at least meet Qualcomm’s guidance for revenue of $10.6 billion and non-GAAP EPS of $2.90 at the midpoint.So, promising for Qualcomm, but what does it all mean for investors? Walkley rates QCOM stock a Buy, while his $250 price target makes room for 12-month growth of ~83%.Looking at the consensus breakdown, with 12 Buys and 5 Holds, the analysts rate this stock a Moderate Buy. Given the average price target clocks in at $204.06, shares are anticipated to appreciate ~49% in the year 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