Baird Raises Qualcomm Price Target to $300

Baird analyst Tristan Gerra raised the price target on Qualcomm (NASDAQ: QCOM) to $300.00 (from $177.00) while maintaining an Outperform rating.

“As agentic AI becomes pervasive across platforms and predominantly rests on CPUs, Qualcomm is well positioned as a compute leader to enable agents in smartphones, automotive, IoT, along with platforms where it expects to gain market share notably PCs and data center.

Over time, we expect multiple expansion as Qualcomm will be a beneficiary of agentic AI driving CPU growth beyond data centers and at the edge, OpenClaw being an example of this trend.

Outperform-rated. Adding Bullish Fresh Pick.”

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