CCantor QQualcomm · QCOM
Cantor Fitzgerald Lowers Qualcomm Price Target to $165
Rating
Hold
Price target
$165
Previous
$200
Implied upside
+6%
Cantor Fitzgerald analyst C.J.
Muse lowered the price target on Qualcomm (NASDAQ: QCOM) to $165 (from $200) while maintaining a Neutral rating.
“We continue to take a wait and see approach in the crowded Accelerator/CPU markets and prefer Compute exposure elsewhere, particularly given the recent sell-off. Thus, we reiterate our Neutral rating.
And considering our lower EPS estimates, we are tweaking our price target lower to $165 – reflecting 16.5x/15.3x our updated CY27/28 EPS estimates.”
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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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