Qualcomm Investors Need to Be Wary of These Threats
Shares of Qualcomm (NASDAQ: QCOM) have dropped close to their 52-week lows this year as the company has been cornered by a number of problems. The chip giant entered 2017 on the back foot thanks to the rise of MediaTek and other rivals in the smartphone processor market, and things got more complicated after Apple decided to throw a spanner into Qualcomm's royalty revenue stream.
However, Qualcomm is trying to keep investors' spirits high by investing in new opportunities such as virtual reality and automotive. But the chipmaker isn't going to enjoy a free pass in these areas, as it will run into potent competition from different elements.
Image Source: Qualcomm
Source: Fool.com
Qualcomm Inc. Stock
€151.42
1.540%
With 48 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 16.89% compared to the current price of 151.42 € for Qualcomm Inc..
