Price Predictions for Qualcomm (QCOM) Stocks Reflect Market Challenges
Price Targets Under Review for Qualcomm (QCOM) Stocks
Price targets for Qualcomm (NASDAQ: QCOM) stocks have faced significant revisions, reflecting broader market challenges. Following a notable 23.50% increase YTD, Qualcomm's stock price has shown volatility and recent downward adjustments by analysts raise concerns. Key revisions include target reductions by top firms amid uncertainties. Investors should closely monitor these developments.
Recent Analyst Ratings
- Susquehanna reiterated its 'overweight' rating but lowered its 12-month target from $250 to $230.
- Cantor Fitzgerald reduced its forecast from $215 to $160 while maintaining a 'neutral' rating.
- Citi adjusted its price target from $200 to $185 under the same 'neutral' rating.
- KeyCorp downgraded its evaluation from 'overweight' to 'sector weight.'
Potential Challenges Ahead
Recent developments illustrate that Qualcomm may soon face major downgrades. Following Arm Holdings' notification to cancel the agreement for intellectual property use, the concerns of QCOM's stock price may escalate. This situation brings to light Qualcomm's challenges, particularly in its chipset expectations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.