QCOM Upgrade: Daiwa Raises Price Target to $225 Amid AI Shift
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowDaiwa upgraded Qualcomm (QCOM) from Neutral to Outperform on May 8, 2026, increasing its price target from $140 to $225. This $85 increase is among the highest of the year, driven by Qualcomm's transition towards AI infrastructure and data center solutions. The company reported Q2 FY2026 revenue of $10.599 billion, a 3% decline year-over-year, with EPS of $2.65 exceeding expectations. CEO Cristiano Amon noted a forthcoming custom silicon engagement with a leading hyperscaler, supporting the positive outlook for QCOM ahead of the June 24 Investor Day.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About QUALCOMM Incorporated (QCOM)
Qualcomm designs the chips and licenses the wireless patents behind most modern smartphones, and is expanding into automotive and IoT.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier QCOM news
- Qualcomm (QCOM) Stock Jumps 6% After Daiwa Upgrade to Outperform
- Qualcomm (QCOM) Target Raised to $160 by JPMorgan on Leadership
- Qualcomm (QCOM) stock price target raised to $155 on AI prospects
- Qualcomm (QCOM) Coverage Reinstated by Barclays with Underweight Rating
- Apple (AAPL) Names Johny Srouji Chief Hardware Engineer Amid Chip Strategy
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