Susquehanna Reiterates Bullish Stance on QUALCOMM (QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the Most Undervalued Semiconductor Stocks to Buy According to Analysts. On July 31, Susquehanna analyst Christopher Rolland reiterated the bullish stance on the company’s stock, providing a “Buy” rating. The analyst’s rating is backed by a combination of factors, such as QUALCOMM Incorporated (NASDAQ:QCOM)’s ongoing strength in the Auto and IoT sectors.

An aerial view of a bustling semiconductor production zone showcasing the company’s integrated circuits.

As per the analyst, the company’s strategic partnerships, like the multi-year agreement with Xiaomi, and expansion into the data center space via the acquisition of Alphawave Semi, demonstrate its growth potential. QUALCOMM Incorporated (NASDAQ:QCOM)’s efforts in developing AI inference accelerator cards and custom SoCs, together with engagement with potential customers, further aid the optimistic outlook. Such factors, coupled with better-than-expected gross margins and a positive revenue forecast, support the analyst’s rating.

For Q4 2025, QUALCOMM Incorporated (NASDAQ:QCOM) expects revenues in the range of $10.3 billion – $11.1 billion, while non-GAAP diluted EPS is expected to be between $2.75 – $2.95.

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Disclosure: None. This article is originally published at Insider Monkey.