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<Research>UBS Adds Qualcomm (QCOM.US) TP to US$185, Maintains Neutral Rating
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Qualcomm (QCOM.US)'s 4FQ revenue and EPS exceled expectations, primarily driven almost entirely by the QCT business, UBS said in a report. Furthermore, the data center business is becoming a new focus, with Qualcomm set to announce a more detailed product roadmap in 2026. The broker was confident in the company's competitive strength, while noting that there is little evidence of related products in the supply chain, which led the broker to conclude this roadmap is at best several years away from moving the needle. In summary, the broker considered limited scope for adjusting Qualcomm's valuation, thus raising the target price from US$175 to US$185. It maintained a Neutral rating, as the company still struggles to exceed market expectations. AASTOCKS Financial News Website: www.aastocks.com |
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