TD Cowen raises Qualcomm price target to $225

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Reviewed by
Radhika SScanX News Team
Key Highlights

TD Cowen analyst Joshua Buchalter maintains a Buy rating on Qualcomm and raises the price target from $200 to $225, indicating a positive outlook.

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TD Cowen analyst Joshua Buchalter has maintained a Buy rating on Qualcomm and raised the price target to $225 from $200. The revised target suggests a positive outlook for the stock's performance.

Rating and Price Action

The analyst's decision to upgrade the price target reflects confidence in Qualcomm's business prospects. The new target of $225 represents an increase from the previous $200 mark.

Metric Value
Rating Buy
Previous Price Target $200
New Price Target $225

What specific factors drove TD Cowen to raise the price target by 12.5%?

How might Qualcomm's upcoming product launches influence the revised price target?

What are the potential risks to achieving the new $225 price target?

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Mizuho raises Qualcomm target to $210; Morgan Stanley upgrades

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Reviewed by
Radhika SScanX News Team
Key Highlights

Mizuho analyst Vijay Rakesh maintained a Neutral rating on Qualcomm but raised the price target to $210 from $170. This follows Morgan Stanley's upgrade to Equal-Weight with a $231 target and Citigroup's increase to $198.

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Mizuho analyst Vijay Rakesh maintained a Neutral rating on Qualcomm (NASDAQ: QCOM) but raised the price target to $210 from $170. This adjustment reflects a revised valuation outlook despite the unchanged stance on the stock. The move follows similar actions from other major firms, signaling a broader shift in analyst sentiment regarding the company's prospects.

Morgan Stanley analyst Joseph Moore previously upgraded Qualcomm from Underweight to Equal-Weight, significantly raising the price target to $231 from $146. This upgrade marked a shift in the firm's outlook, suggesting a more balanced risk-reward profile. Separately, Citigroup analyst Atif Malik maintained a Neutral rating but increased the price target to $198 from $160, aligning with a more positive view on valuation.

Rating and Target Changes

The consensus among analysts points to higher valuations for Qualcomm, though opinions on the stock's trajectory vary. Mizuho's decision to maintain a Neutral rating while raising the target indicates cautious optimism. Morgan Stanley's upgrade moves the stock out of the Underweight category, while Citigroup's higher target price supports a more favorable valuation assessment without changing its rating.

Firm Rating Previous Target New Target
Morgan Stanley Equal-Weight $146 $231
Citigroup Neutral $160 $198
Mizuho Neutral $170 $210

What specific factors are driving the significant upward revisions in price targets across multiple firms?

How might Qualcomm's upcoming product launches influence the current Neutral ratings?

What risks could prevent the stock from reaching the newly raised price targets?

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