TD Cowen Lowers Qualcomm Price Target to $150
- Rating
- Unknown
- Price target
- $150
- from $190
- Implied upside
- +1%
- vs $148.89 prior close
TD Cowen analyst Joshua Buchalter lowered the price target on Qualcomm (NASDAQ: QCOM) to $150.00 (from $190.00).
“Memory Not Serving Smartphones Well; Disappointing guidance—albeit driven by factors beyond the company’s control— weighs on investor sentiment as Qualcomm’s diversification efforts remain too early days to materially dampen the impact of memory shortages on the handset market.
Samsung share comments a positive, and Autos a bright spot, but hard to avoid the QTL/QCT double-whammy if handset units are impaired. Buy, PT to $150.”
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Tracking this call
Since this note+22% QCOM $148.89 → $181.03 (Oct 7) · target reached
This call at 6 months✓ Target reached on Apr 27, 2026, 3 months after the note.
Firm track recordTD Cowen reached 76% of its 34 scored targets within six months (#6 of 31 firms); on Qualcomm, 2 of 2. Accuracy ranking →
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