Qualcomm (QCOM) PT Raised to $400 at Baird
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Rating Summary:
24 Buy, 34 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 15
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Baird analyst Tristan Gerra raised the price target on Qualcomm (NASDAQ: QCOM) to $400.00 (from $300.00) while maintaining a Outperform rating.
The analyst comments "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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