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To: rimshot who wrote (96)	11/16/2021 12:54:53 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Respond to of 426

QCOM - Qualcomm 12:23 Eastern - Qualcomm's big bet on the auto industry should yield meaningful revenue returns, the chip company's CFO Akash Palkhiwala says. Auto revenue should go from about $1B billion this year to about $3.5B in five years and reach about $8B in a decade, he says at an investor event. About 70% of the five-year revenue projection is covered by design wins already in hand, he says.

To: rimshot who wrote (96)	11/16/2021 3:02:57 PM
From: rimshot	1 Recommendation Recommended By ajtj99 Respond to of 426

Qualcomm is now up 6% after saying it expects its addressable opportunity to grow from approximately $100 billion today to $700 billion in the next decade, as more devices become intelligently connected. source- briefing.com 169.94 = the record intraday price high, prior to today's action

To: rimshot who wrote (96)	11/17/2021 1:03:45 PM
From: rimshot	1 Recommendation Recommended By Lou Weed Read Replies (1) \| Respond to of 426

QCOM - Qualcomm - JP Morgan Raises Qualcomm's Price Target to $225 From $200, Maintains Overweight Rating ================================================================== Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target to $190 from $160 on a P/E of 16.2x our CY 23 EPS estimate of $11.71, slightly below peers. We up our FY 22 (Sep.) EPS to $10.66 from $10.23 and FY 23 to $11.61 from $10.24. At its Analyst Event, we come away impressed with QCOM's diversification strategy (shift away from Apple given expected business loss in FY 23), as it aims to grow QCT sales by a mid-teens CAGR through FY 24 while QTL keeps its revenue/margin profile at elevated levels. QCOM looks to do this by growing handset revenue at a 12% CAGR through FY 24, on share gain from China vendors (due to Huawei demise) and ongoing content growth from the shift to 5G (525M 5G phones in 2021, rising to 1.1B by 2024). In autos, we note a $13B pipeline (sales to grow to $3.5B in 5 years and $8B in 10 years from $1B in FY 21) and 5-year CAGR of 36% for its SAM, led by telematics/connectivity and inclusion of ADAS/autonomy. We see IoT growing at a 3-year CAGR of 17%, led by the metaverse and edge networking, among other verticals.