3 Things About Qualcomm That Smart Investors Know
Qualcomm (NASDAQ: QCOM) seems to have missed out on the buying spree that lifted the share price of so many other tech stocks in the first half of the year. Since early January, Qualcomm stock has risen 12%, well under the average S 500's gains of around 19%, and even further behind the tech-heavy Nasdaq Composite's 38% average rise.
Given that the company is the market leader in 5G smartphone chipsets, its lackluster share price performance may perplex investors. Three facts explain why Qualcomm is in a rut, but they also point to what could get it out of that situation over time.
Despite the company's technical prowess and the ongoing 5G upgrade cycle, Qualcomm's stock has failed to gain traction. The stock is down over the last year, and one has to go back five years to find a stretch of time in which it was beating the S 500.
Source Fool.com
Qualcomm Inc. Stock
With 45 Buy predictions and 2 Sell predictions Qualcomm Inc. is one of the favorites of our community.
As a result the target price of 177 € shows a slightly positive potential of 14.5% compared to the current price of 154.58 € for Qualcomm Inc..
