Qualcomm (NASDAQ: QCOM) experienced a significant downturn in early February, with shares dropping post-earnings, but is now showing signs of recovery. The article highlights two main reasons for an improved risk/reward profile: extremely oversold technicals, indicated by an RSI below 30, and increasingly bullish analyst targets, with some price targets implying over 40% upside. While acknowledging underlying concerns from the earnings report, the article suggests that the stock’s recent price action and analyst sentiment present a compelling opportunity for investors.
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2 Reasons Qualcomm's Risk/Reward Is Now Red Hot
Qualcomm (NASDAQ: QCOM) experienced a significant downturn in early February, with shares dropping post-earnings, but is now showing signs of recovery. The article highlights two main reasons for an improved risk/reward profile: extremely oversold technicals, indicated by an RSI below 30, and increasingly bullish analyst targets, with some price targets implying over 40% upside. While acknowledging underlying concerns from the earnings report, the article suggests that the stock’s recent price action and analyst sentiment present a compelling opportunity for investors.