BBaird QQualcomm · QCOM
Baird Raises Qualcomm Price Target to $400
Rating
Buy
Price target
$400
Previous
$300
Implied upside
+157%
Baird analyst Tristan Gerra raised the price target on Qualcomm (NASDAQ: QCOM) to $400 (from $300) while maintaining an Outperform rating.
“We view the accelerated Apple exit timeline as incrementally positive.
Revenue diversification is at a turning point, with data center revenue expected to reach $5B in F2027 (11% of our total revenue estimate) and handsets below 50% of total revenue each quarter next year.
We believe agentic-AI run smartphones could spell the beginning of a unit and content rebound starting in 2028. Outperform-rated.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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