QUALCOMM Integrated (NASDAQ:QCOM) is included among the many 10 High Quality Stocks to Buy According to Hedge Funds.
On Might 18, Melius Analysis raised its worth advice on QUALCOMM Integrated (NASDAQ:QCOM) to $220 from $170. It reiterated a Maintain score on the shares. The agency stated that whereas “nothing actually emerged as incrementally good from Trump going to China,” it was feeling “incrementally good” about reminiscence and AI semiconductor firms. The analyst raised long-term estimates and worth targets for the entire agency’s Purchase-rated “bottleneck shares.” These included Micron, Sandisk, AMD, Intel, and Marvell. The agency additionally stated it nonetheless believes semiconductor firms will proceed taking market worth, or not less than extra upside potential, from conventional software program corporations and different non-chip firms throughout the Magnificent Seven over the long run.
Earlier, on Might 13, Freedom Dealer downgraded Qualcomm to Maintain from Purchase whereas elevating its worth goal to $200 from $165. The agency described Qualcomm’s fiscal Q2 report as blended and stated the corporate’s fiscal Q3 outlook was “disappointing throughout the board.” Freedom Dealer expects Qualcomm’s handset phase income to say no practically 15% in fiscal 2026, adopted by one other 16% drop in 2027.
QUALCOMM Integrated (NASDAQ:QCOM) develops and commercializes foundational applied sciences for the wi-fi trade. Its enterprise contains 3G, 4G, and 5G wi-fi connectivity, together with high-performance and low-power computing applied sciences, together with on-device synthetic intelligence.
Whereas we acknowledge the potential of QCOM as an funding, we consider sure AI shares supply better upside potential and carry much less draw back danger. For those who’re on the lookout for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the best short-term AI stock.
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