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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

๐Ÿ’ก 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).

๐Ÿ‘‰๐Ÿป 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.

๐Ÿ‘‰๐Ÿป 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.

๐Ÿ’Ž We consider Qualcomm #QCOM shares to be part of an active portfolio.

๐ŸŽฏ Target - $ 185, growth potential + 25%.

OTB Global Investments

London, 29 December 2020

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