Qualcomm Inc

QCOM: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$537.00	Nfzkly	Dkgpdskh

Qualcomm: We Maintain our Narrow Moat Rating, Thanks to Wireless Expertise

Brian Colello

Nov 21, 2023

We maintain our $140 fair value estimate and narrow moat rating for Qualcomm and continue to view shares as modestly undervalued. The firm’s durable competitive advantage, in our view, comes from patents, intellectual property, and decades of R&D expertise in wireless technologies.

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