Well, I haven't see any $250 price targets yet. (end of TAZR subscriber notes from Tuesday evening) Watch what happens when an analyst or two step up and raise their PT to $250 this week. When I first bought QCOM over the spring and summer, I saw the stock going to $200 in 6-12 months. Well, that's just the continuing megatrend of Cooker's Technology Super Cycle and why we believed that QCOM was way undervalued at $125. The company also expects its addressable opportunity to expand from nearly $100 billion to $700 billion in 10 years as more devices become intelligently connected. QTL (tech licensing) expected to maintain its current revenue scale and margin profile. QCOM expects revenue growth from the Internet of Things (IoT) revenues to reach $9 billion by fiscal 2024. Qualcomm expects automotive revenue to rise to nearly $3.5 billion in five years and about $8 billion in 10 years. The company has two year commitments for smartphone chips from all major customers. Qualcomm provided new three-year financial targets, including: QCT (CDMA-mobile) revenues to grow at mid-teens CAGR with 30%+ operating margin by fiscal 2024 and Handset and RF front-end revenues to grow at least in-line with a 12% SAM CAGR by fiscal 2024. (Cooker's paraphrase)Īnd here were the actual missiles from the Starship QCOM. Our diversification into multiple semiconductor markets/technologies is going so well, we are going to deliver double-digit revenue growth for the next 5 years. Here were the summary notes I gave my TAZR Trader members where we were buyers below $130:
So I have a special plan for you, if you're interested.įirst, let's talk about the Starship Qualcomm QCOM which dropped some bombs Tuesday on Wall Street during their Investor Day. Plus, UK regulators are breathing down Jensen's neck about the planned acquisition of Arm Holdings from Softbank.īut I think there will be so many buyers lined up waiting to get in - especially those who sold near $200 - that you won't get much of a chance. And it's not a stretch to say it may be "priced for perfection." Well, the stock has run hard in the past three weeks since the breakout above $230. NVIDIA NVDA is reporting earnings today after the closing bell and I'm here to tell you in advance where to buy the stock if there is a knee-jerk reaction lower.
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