Cantor Fitzgerald Lowers Qualcomm Price Target to $165

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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