Qualcomm shares are restored by 15% as analysts support News ad

After he fell on a long -term minimum at the beginning of this month, an action Qualcomm Inc. NASDAQ: Qcom calmly bounced back, gaining 15% of this bottom to Close $ 139 on Tuesday evening.

Despite this rebound, the action remains 20% of its February maximum, offering a rare combination of technical restoration and deep attractiveness.

The income should be related to the end of April, and since the shares still look beaten, the installation for preliminary care begins to acquire a form.

Qualcomm gave solid results a quarter after the quarter, But this was not reflected in the price of shares – at least for now.

The return of the mood of the bull analysts can be a catalyst necessary for the revival of wider interest.

TD Cowen Sparks New Optimism

Last week, the team in TD Cowen released Qualcomm its first new Buy a rating For several months, joining a moderate bull to the choir with a clearly defined case of growth. Analyst Joshua Bukhalter initiated a coating with a target price of $ 160, which implies 15% growth by closing on Tuesday. At first glance, this may not seem huge, but, given the recent technical base, this can marked the beginning of a more significant turn.

Bukhalter’s trust was based on a series of meetings of investors held in Europe with Qualcomm CEO Cristiano Amon, financial director of Akash Palchil and members of the team for relations with investors. Removal? Qualcomm successfully changes its narrative outside of smartphones and does it with strategic clarity, which many competitors still lack.

According to TD Cowen, The Qualcomm leadership gave a convincing substantiation of its diversification efforts, especially in areas such as the Internet of things (IoT) and the car. The company emphasized the company’s ability to use its portfolio of high -connection products to penetrate markets where demand grows, and margin can be healthy. This kind of positioning forward is important, especially in a market environment, where technical investors become more selective.

The history of diversification begins to stick out

The sense of Qualcomm outside its traditional roots of the phones is not new, but it is gaining momentum. The company puts its extensive IP portfolio to work in neighboring sectors, especially IoT and a car where there are real growth opportunities. The leadership emphasized this strategic rod at its European meetings, etc. Cowen left impressed from these discussions.

Despite the fact that some investors care about Qualcomm business in the field of technology licensing (QTL), TD Cowen believes that the problems are overestimated. The licensing segment continues to ensure a stable basis of income.

When new growth drivers go online, the company can have great flexibility to smooth out any short -term turbulence.

It is important that The basics of the company remain strong, Thanks to recent reports on the margin and an increase in income confirming the opinion that Qualcomm is working from a position of financial force.

This kind of balance gives the place of management to maneuver, invest in new areas and, if necessary, the return of capital to shareholders.

The volatility weakens, the setting looks attractive

One of the most encouraging events in the latest sessions is Slow down volatility. After several weeks of aggressive sales in the Qualcomm market, he has now published several days of more stable trade. The sale of panic, in the visible, decreased, and the buyers began to appear in a larger volume, especially in the range of 130–135 dollars.

This behavior suggests that the base can form, as well as with a margin Restoring 15% of their minimums, The risk profile of remuneration begins to look much more attractive. If a wider market cooperates, and Qualcomm will provide another strong imprint of income at the end of this month, a stable rebound can easily follow.

This is the exact type of investors who are looking for: solid foundations, improvement of technical technologies, and now the revival of analysts support.

The last thoughts

Qualcomm spent the last two months under pressure, but history may begin to change. TD Cowen Fresh Buy rating, maintained by the target price of $ 160, He emphasizes the growing optimism that the Qualcomm diversification strategy finally took possession of.

With the relief of volatility and earnings behind the mountains, this may be a deal to restore textbooks for investors who seek to get up at an early stage. Promotions can still be a 20%discount, but for those who carefully monitor to ensure to ignore it are becoming more difficult to ignore.

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