About Qualcomm Share Price, Revenue, Share Forecast 2024 to 2034

Qualcomm Share Price, Revenue, Share Forecast 2024 to 2034

In 1985, Irwin Jacobs and six other individuals founded Qualcomm. The company raised money for its initial CDMA wireless cell phone research by selling Omnitracs, a two-way mobile digital satellite communications system. Following a contentious discussion within the cellular industry, CDMA was approved as a 2G standard in North America, incorporating Qualcomm's patents. Following that, there were other court cases concerning the cost of patent licensing as mandated by the standard.

A world where everything and everyone can be intelligently connected is made possible by Qualcomm. Every day, you come into contact with products and technologies enabled by Qualcomm, such as 5G-capable smartphones that also function as professional cameras and gaming consoles, smarter cars and cities, and the technology underlying the intelligent, networked factories that produced your most recent purchase. You can stay connected even in remote locations with our robust connectivity solutions. The linked intelligent edge is powered by Qualcomm's 5G and AI breakthroughs. Our technologies are both within and behind the breakthroughs that provide billions of people worldwide with considerable value every day, across numerous industries.

About Qualcomm Incorporated:

The work that Qualcomm Incorporated does is to develop and market core technology for the cellular industry. The business is divided into three segments: Qualcomm Strategic Initiatives (QSI), Qualcomm Technology Licensing (QTL), and Qualcomm CDMA Technologies (QCT). In order to utilize third-, fourth-, and fifth-generation (3G/4G/5G) and other technologies in wireless voice and data communications, networking, computing, multimedia, and global positioning system (GPS) products, the QCT segment develops and provides integrated circuits and system software.

A portion of QTL Segment's intellectual property portfolio is licensed or otherwise made available for use. This includes, among other rights, certain patent rights that are necessary for and/or helpful in the production, marketing, and/or use of specific wireless products, such as those that use CDMA2000, WCDMA, LTE, and/or OFDMA-based 5G standards and their derivatives.

Qualcomm Stock Price Forecast 2023-2024

In 2023, Qualcomm's base pricing was $101.96. Since the beginning of the year, Qualcomm's price has increased by 18%, to a trade price of $119.93. Qualcomm is predicted to sell for $130 by the end of 2023, changing by +28% annually. By year's end, a +8% growth is anticipated. It is anticipated that Qualcomm's price would increase by +24% from its current level to $140 in the first half of 2024 and then by $9 in the second half to close the year at $149.

According to the most current long-term forecast, Qualcomm's pricing is anticipated to reach $125 by the end of 2023 and $150 by the middle of 2025. It is anticipated that Qualcomm will cost $200 in 2027, $250 in 2029, and $300 in 2033.

Positive outlook of Qualcomm:

Finbold has used quantitative analysis and artificial intelligence (AI) algorithms for forecasting in an attempt to obtain insight into Qualcomm's probable price trend over the next year.

The stock price is expected to fall to $97.74 at the end of the year, as predicted by CoinCodex, an AI-powered prediction engine. In the event that this forecast comes true, the stock price would drop by almost 17%.

Given the large value decline, investors have a strong incentive to enter the market and start using a dollar-cost averaging technique. This plan entails investing a certain sum of money on a regular basis, plus an extra ploy to allocate more money when the price falls by seven to ten percent. This strategy can assist investors in reducing risks.

Qualcomm stock prediction year wise:

1. In 2024, it will be 131.73$ with a change of 9.89%.

2. In 2025, it will be 144.75$ with a change of 20.75%.
3. In 2026, it will be 159.06$ with a change of 32.68%.
4. In 2027, it will be 174.79$ with a change of 45.80%.
5. In 2028, it will be 192.06$ with a change of 60.21%.
6. In 2029, it will be 211.05$ with a change of 76.05%.
7. In 2030, it will be 231.91$ with a change of 93.45%.

Analysis of Qualcomm Stock Forecast:

• Based on the previous 31 years of stock performance, Qualcomm has historically increased by 38.3% on average during the next 52 weeks.
• During the next 52 weeks, Qualcomm has increased in 19 of those 31 years, translating to a historical accuracy of 61.29%.
• Why Is the Stock of Qualcomm Undervalued?

The share price of Qualcomm [QCOM] is $119.92 at the moment. With a score of 62, QCOM is 24% higher than its historical median score of 50, indicating a lower risk than average

• QCOM's current trading position in relation to its past Stock Score levels is between 60 and 70 percentiles.

Forecasts

Qualcomm Stock Price Forecast 2023-2024

The starting price of Qualcomm was $101.96 in 2023. With today's trading of $106.46, Qualcomm saw a 4% rise in price from the start of the year. By the end of 2023, Qualcomm is expected to trade for $117, with a 15% annual change. The increase of 10% from now until year's end. The price of Qualcomm will increase to $119 in the first half of 2024; in the second half, it will add $0 and end the year at $119, a +12% increase over the current price.

Qualcomm Stock Forecast 2025-2029

Over the course of these five years, Qualcomm's price increased by 64%, from $134 to $220. Qualcomm is expected to open 2025 at $134, rocket to $137 in the first half of the year, and close the year at $148. Therefore, it is +33% from today.

Qualcomm Stock Forecast 2030-2034

The price of Qualcomm would increase by +25% throughout this time, from $217 to $272. In 2030, Qualcomm is expected to begin trading at $217, surge to $221 in the first half of the year, and end the year at $226. About 110% more than it was today.

Qualcomm revenue 2010-2023

The revenue history and growth rate of Qualcomm, both annually and quarterly, from 2010 to 2023:

Revenue is a term used to describe the money that a business gets from its clients in exchange for selling products or services. To determine net income, all costs and expenses are deducted from revenue, which is the top line item on an income statement.

• In the quarter that concluded on September 30, 2023, Qualcomm revenue was $8.631 billion, indicating a 24.26% decrease from the previous year.
• In the twelve months that concluded on September 30, 2023, Qualcomm revenue was $35.820 billion, reflecting an 18.96% fall from the previous year.
• Compared to 2022, Qualcomm's yearly revenue decreased by 18.96% to $35.82 billion in 2023.
• By 31.68% over 2021, Qualcomm's yearly revenue for 2022 was $44.2 billion.
• With a 42.65% growth from 2020 to 2021, Qualcomm's yearly revenue was $33.566B.

Major Points to Know

• Qualcomm" is referred as device to truckers.

• Around 80% of android wear devices are powered by Qualcomm.
• Qualcomm is a publicly traded company.
• For one important market, it declared a truce with Intel.

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Frequently Asked Questions

Q: Which company is the competitor of Qualcomm in mobile phone technology?

Ans: Nokia, HTC, Samsung are competitor of Qualcomm in mobile phone technology.

Q: What is the full form of Qualcomm?

Ans: Quality Communications" is the full form of Qualcomm.

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Q: Describe Qualcomm's flagship product.

Ans: It develops wireless technology-related software, chips, and services.