Qualcomm Stock Outlook: KeyBanc Analyst Forecasts 18% Upside

Monday, 8 April 2024, 20:25

KeyBanc analyst John Vinh projects an 18% potential upside for Qualcomm stock, fueled by smartphone market share gains and opportunities in the PC market. Qualcomm's growth prospects in mid-range smartphones and Arm PC processors are key drivers for the positive outlook. Despite challenges in consumer adoption, early benchmarks for Qualcomm's Elite X chips show promise.
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Qualcomm Stock Outlook: KeyBanc Analyst Forecasts 18% Upside

Winning Market Share

KeyBanc foresees Qualcomm regaining market share in the smartphone space, especially against MediaTek in the mid-range segment. Despite recent market share decline, Counterpoint Research data highlights Qualcomm's potential strengths.

An Arm PC Opportunity

KeyBanc identifies a chance for Qualcomm to make an impact in the PC market with upcoming Elite X chips. However, consumer acceptance of Arm-based laptops might be a hurdle to overcome.

Is Qualcomm stock a buy? Analysts suggest Qualcomm's growth opportunities in mid-range smartphones and PCs make its valuation reasonable.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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