Qualcomm (QCOM) PT Raised to $170 at Cowen

Cowen analyst Matthew Ramsay raised the price target on Qualcomm (NASDAQ: QCOM) to $170.00 (from $150.00) while maintaining an Outperform rating.

The analyst commented, "Qualcomm printed a significant beat/raise as both QTL and QCT contributed meaningfully to growth. With Qualcomm now a clean story, the industry's best 5G pure-play is benefiting from the global rollout, RF content, and Apple share gains. 5G and Apple are beginning to reveal the growth/EPS power in Qualcomm's model ... with upside to come from 5G/OVX-driven share gains. Outperform, PT to $170."

You May Also Be Interested In

• Qualcomm (QCOM) PT Raised to $265 at Rosenblatt
• HB Fuller (FUL) PT Lowered to $69 at UBS on Lower 2026 Earnings Outlook
• Nextpower (NXT) PT Lowered to $153 at Jefferies