Qualcomm (QCOM) reported better-than-expected fiscal fourth-quarter results, but the stock was hit by a softer outlook and fresh analyst cuts. Price action and derivatives positioning now show a ma...
Qualcomm shares were trading at $173.82 in the latest supplied market data, down 2.79% on the day and inside a 24-hour range of $182.40 to $171.44. The stock reaction followed a post-earnings reset: CNBC said Qualcomm beat on adjusted EPS and revenue in fiscal Q4 2026, but the company’s forecast came in lighter than expected, and the shares slid in extended trading. Investing.com reported that Freedom Broker cut Qualcomm to Hold from Buy and lowered its target to $185 from $200, arguing that the shift toward new growth businesses will pressure margins for longer than expected. citeturn0search0turn0search1
That framing matters because the market is not questioning whether Qualcomm can grow in multiple end markets; it is questioning how much that growth costs. CNBC highlighted strength in automotive and data center, while analysts cited margin pressure, rising component costs, and handset weakness as the main offsets. Susquehanna also cut its target to $165 from $185 while keeping a Neutral rating, pointing to lower-margin AI data center revenue and continued mobile challenges. citeturn0search1turn0search3
The latest analyst snapshot supplied by StockAnalysis shows a mixed but cautious setup: Bank of America Securities had a Sell rating with a $170 target, Bernstein had Hold with a $155 target, and Freedom Capital Markets moved to Hold with a $185 target after previously being at $200 .
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