Bernstein Lowers Qualcomm (QCOM) PT, Says Expectations “Now Appear Much Too High” [Yahoo! Finance]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
Bernstein Lowers Qualcomm (QCOM) PT, Says Expectations “Now Appear Much Too High” Karlis Dambrans/Flickr On March 26, Bernstein Research downgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Market Perform from Outperform. It cut its price target to $140 from $175. The firm pointed to memory-related headwinds, noting that higher prices are having a “deleterious effect” on overall smartphone shipments. The analyst told investors that consensus estimates for Qualcomm “now appear much too high.” Bernstein also said the company's “potential narrative tailwinds” from its buyback program and upcoming data center event are unlikely to offset weaker smartphone demand. It also flagged risk tied to the expiration of the Apple license agreement in about a year. On March 17, Qualcomm announced a $20 billion stock buyback program, aiming to take advantage of a sharp decline in its share price. The drop has been linked to a global memory supply crunch, which is expected to slow handset productio
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QCOM
News
- Qualcomm (QCOM) had its "market perform" rating reaffirmed by Sanford C. Bernstein. They now have a $140.00 price target on the stock, down from $175.00.MarketBeat
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QCOM
Earnings
- 2/4/26 - Beat
QCOM
Sec Filings
- 3/19/26 - Form S-8
- 3/19/26 - Form 8-K
- 3/18/26 - Form 4
- QCOM's page on the SEC website