Qualcomm (NASDAQ: QCOM) is one of the leaders in the semiconductor space whose stock might just be ready to take off in 2025. In 2024, shares were having an incredible year, rising 57% by mid-June. However, by the time early Aug. rolled around, shares had plummeted, losing over 30% of their value from the peak. Detrimental developments surfaced, crushing the optimism that many had.
The shares recovered slightly from September to October but ended the year lower than their August low. Now that the company has resolved key issues and/or mitigated them. A new bullish cycle may await the stock. This has somewhat already started to materialize. As of noon Eastern time trading on Jan. 17, Qualcomm shares are up over 7% yearly. Additionally, based on new analysts' ratings tracked by MarketBeat, Wall Street sees a solid upside in shares. The average of two price targets released in January from Barclays and Mizuho implies a 21% upside.
