Qualcomm Price Target Cut 11.5% by Baird to $177
Baird trimmed its 12-month price target on Qualcomm from $200 to $177, an 11.5% reduction reflecting tempered revenue projections. The adjustment underscores revised growth expectations for Snapdragon chip sales and licensing income in fiscal 2026.
1. Baird Lowers Price Target
Baird reduced its 12-month outlook for Qualcomm from $200 to $177, marking an 11.5% cut. The firm cited softer near-term revenue forecasts for the company’s semiconductor and licensing segments.
2. Implications for Qualcomm
The downward revision highlights concerns over smartphone chipset demand and royalty income, potentially weighing on investor sentiment. Market participants may reassess Qualcomm’s valuation multiple given the moderated growth trajectory.
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