Qualcomm Inc
QCOM: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$158.00 | Nxxhqgk | Mgrztbch |
Qualcomm Earnings: Smartphone Demand Headwinds Persist, but Still Holding On to Market Share
Qualcomm reported soft fiscal third-quarter results and provided investors with a similarly tepid outlook for the September quarter in the face of challenging business conditions associated with a muted smartphone market. We maintain our $140 fair value estimate for narrow-moat Qualcomm and view shares as slightly undervalued.