Fundamental Analysis: QUALCOMM, INC. #QCOM

Qualcomm, Inc. (#QCOM) is an American public multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates intellectual property, semiconductors, software, and services related to wireless technology

💡 Ahead of the 5G launch, investors were actively buying up Qualcomm #QCOM shares (+69% YTD). In addition to the mobile business line (+40% CAGR), the company is showing an outstanding performance in mobile car development (+ 40% CAGR) 25%) and IoT technologies (+ 8% CAGR).

👉🏻 J.P. Morgan expects smartphone services revenues to grow at a CAGR of 26%, driven by a 1.5x increase in the number of parts per smartphone, as well as an increase in market share driven by increased iPhone 5G sales.

👉🏻 Although JPM is removing #QCOM from the top ideas for the Americas market, it remains focused on medium-term catalysts for further growth and reiterates its Buy recommendation.

💎 We consider Qualcomm #QCOM shares to be part of an active portfolio.

🎯 Target - $ 185, growth potential + 25%.

OTB Global Investments

London, 29 December 2020