QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 15 Best Passive Income Stocks to Buy Right Now.
Photo by Vitaly Taranov on Unsplash
On November 10, Susquehanna analyst Christopher Rolland raised the price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $210 from $200 while maintaining a Positive rating, according to a report by The Fly. The firm noted that the company delivered stronger results and guidance, mainly supported by growth in Handset. QCT Handset performance exceeded expectations, helped by solid demand for premium-tier Android devices.
In fiscal Q4 2026, the Handset segment produced $6.9 billion in revenue, a 14% increase from the same quarter last year. v is preparing for a significant step forward in the coming year. It will continue serving the smartphone market, but building on its experience with AI-enabled Snapdragon processors, the company plans to introduce an AI data center chip next year and follow it with an improved version in 2027.
For FY26, QUALCOMM Incorporated (NASDAQ:QCOM) expects record QCT handset revenue with low-teens sequential growth, driven largely by new flagship Android releases powered by Snapdragon. Automotive revenue is projected to remain flat to slightly higher on a sequential basis. The company also reaffirmed its fiscal 2029 revenue target of $22 billion across automotive and IoT, pointing to strong growth trends and ongoing customer wins.
QUALCOMM Incorporated (NASDAQ:QCOM) develops core wireless technologies, producing semiconductors, software, and services for the telecommunications industry.
While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Extreme Dividend Stocks to Buy According to Hedge Funds and 15 Overlooked Dividend Stocks to Buy Right Now.
Disclosure: None.
