Wall Street Raises Qualcomm's Price Target to $160 Amid AI Growth Expectations
Wall Street raised Qualcomm's price target to $160 following its Q2 FY2026 results, driven by optimism about its AI ASIC shipments to a major hyperscaler. Despite the price target increase, analysts maintained Neutral or Equal Weight ratings, citing a need for more evidence before turning bullish. Qualcomm's stock surged during the trading session following the announcement.
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Topics: AI Analyst Report Price Target Qualcomm Stock Movement