• JPMorgan analyst Samik Chatterjee reiterated an Overweight rating on Qualcomm Inc (NASDAQ: QCOM) with a $225 price target, ahead of the company's fiscal Q1 results. The price target implies an upside of 28%.

  • The analyst sees a favorable setup saying Apple Inc's (NASDAQ: AAPL) print points to solid demand for Qualcomm's largest customer.

  • The combination of supply chain easing, share gains with android customers, favorable pricing trends, as well as growth drivers from non-smartphone end-markets will enable Qualcomm to deliver above-seasonal and better than expected revenue in fiscal Q2.

  • He believes the shares are positioned as a top pick "with earnings upside and inexpensive valuation."

  • Price Action: QCOM shares traded lower by 0.18% at $175.45 in the premarket session on the last check Tuesday.

Latest Ratings for QCOM

Jan 2022




Dec 2021

Morgan Stanley



Nov 2021




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