QCOM: Post-Earnings Rally Eyes $185—Will Momentum Hold?
$Qualcomm(QCOM)$
$180.90 (+2.05%): Post-earnings relief rally holds; bulls eye $185 continuation zone
Market Recap (as of Oct 31, 2025):
Qualcomm advanced +2.05% to $180.90, extending its two-day rebound as investors reacted positively to management’s AI-chip commentary and improved handset demand outlook.
Intraday range $176.83–$182.15 with volume 9.45M vs 8.89M avg, showing strong follow-through after the prior session’s 10% earnings surge.
The stock is now roughly 12% off its YTD high ($205.95) but remains above all key short-term averages.
Technical Indicators Analysis:
Momentum remains favorable. MACD(12,26,9) at 2.78 vs 1.38 confirms a recent bullish crossover, while RSI(14) 62.4 shows moderate overbought conditions yet still room for upside.
The price holds above both EMA9 $176.11 and DEMA9 $180.65, reinforcing near-term trend strength. A decisive close above $182.5 may trigger momentum toward $186–$190, while failure below $177.5 could retrace to $172–$170.
The short-term bias remains bullish unless profit-taking intensifies before earnings on Nov 5. Support: $177 / $172 Resistance: $188-$190
Valuation and Target Range:
TTM P/E 17.44, below both S&P 500 (~26x) and the firm’s 5-year average (~19x), implying modest multiple expansion potential if AI SoC growth materializes.
Market cap $195.2B, Beta 1.23, and Dividend yield 1.97% (fwd $3.56/share) sustain appeal for defensive tech investors.
Consensus 1Y target from Yahoo Finance sits near $180.05, though several analysts (Citi, UBS) lifted targets to $190–$200 following the earnings beat.
Risk Statement:
Semiconductor cyclicality, handset market recovery pace, and macro liquidity shifts remain key risks. This is a technical and market-data analysis, not investment advice.
Data Source: Yahoo Finance & TradingView (as of Oct 31, 2025). Prepared by Tiger Morning Brief | Internal Use Only.
For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
