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Qualcomm's Shift From Handsets To AI And Automotive Wins Analysts' Confidence

Benzinga ·  Nov 20 15:07

Several Wall Street analysts reiteratedQualcomm Inc(NASDAQ:QCOM) after the company's 2024 investor day.

  • Cantor Fitzgerald analyst CJ Muse reiterated Qualcomm with a Neutral and a $160 price target.

  • KeyBanc analyst John Vinh maintained Sector Weight on Qualcomm with a price target of $165.

  • Rosenblatt analyst Kevin Cassidy reiterated a Buy on Qualcomm with a price target of $250.

Cantor Fitzgerald: At the IoT and Automotive Diversification Update Investor Day, Qualcomm outlined its plans to shift revenue reliance from handsets to higher-growth segments like Automotive, IoT, PCs, XR/AR, and Industrial applications. Muse noted that Qualcomm's Automotive segment is a...

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