European Investor
25 Jun 2026, 20:25
Qualcomm (NASDAQ: QCOM) gained 3.7% on Thursday after a flurry of analyst actions following the company's recent momentum in AI and semiconductor markets. While opinions remained mixed, the overall tone turned more constructive as several firms upgraded their views or raised price targets.
Barclays upgraded Qualcomm to Overweight from Underweight, while Monness Crespi Hardt also upgraded the stock to Buy. Raymond James initiated coverage with a Strong Buy rating, and RBC Capital Markets and UBS both raised their price targets to $250 and $235, respectively.
The positive actions were partially offset by downgrades from Craig Hallum and Lake Street Capital, while Goldman Sachs initiated coverage with a Neutral rating. Despite the mixed recommendations, the balance of analyst revisions reflected growing confidence in Qualcomm's long-term opportunities in AI-enabled devices, smartphones, automotive, and edge computing.
The stock's advance suggests investors focused on the increasing number of bullish analyst calls and higher price targets, reinforcing optimism that Qualcomm is well positioned to benefit from the expanding AI ecosystem beyond traditional mobile markets.
Barclays upgraded Qualcomm to Overweight from Underweight, while Monness Crespi Hardt also upgraded the stock to Buy. Raymond James initiated coverage with a Strong Buy rating, and RBC Capital Markets and UBS both raised their price targets to $250 and $235, respectively.
The positive actions were partially offset by downgrades from Craig Hallum and Lake Street Capital, while Goldman Sachs initiated coverage with a Neutral rating. Despite the mixed recommendations, the balance of analyst revisions reflected growing confidence in Qualcomm's long-term opportunities in AI-enabled devices, smartphones, automotive, and edge computing.
The stock's advance suggests investors focused on the increasing number of bullish analyst calls and higher price targets, reinforcing optimism that Qualcomm is well positioned to benefit from the expanding AI ecosystem beyond traditional mobile markets.