JPMorgan Downgrades Qualcomm Ahead of Earnings Report
JPMorgan has downgraded Qualcomm (QCOM) to Neutral from Overweight, citing rising pressures in its core handset business and insufficient growth in newer areas. The downgrade comes ahead of Qualcomm's fiscal Q2 earnings report, with JPMorgan cutting its price target to $140 and placing the stock on 'Negative Catalyst Watch.' Qualcomm's shares have already fallen significantly in 2026.
Topics: analyst outlook earnings risk JPMorgan Qualcomm stock downgrade