UBS analyst Timothy Arcuri has maintained their neutral stance on QCOM stock, giving a Hold rating today.
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Timothy Arcuri has given his Hold rating due to a combination of factors, including Qualcomm’s near-term challenges in its core handset business and uncertainty around the sustainability of new growth drivers. While management expects the current Android headwinds tied to higher memory costs and Chinese demand weakness to bottom in the June quarter, Arcuri does not yet see clear evidence that this segment is poised to become a strong positive catalyst.
At the same time, he acknowledges that automotive, IoT, and emerging AI‑related PC and data center opportunities offer meaningful long‑term potential, but he views the data center silicon announcement as insufficiently transparent to justify the sharp market revaluation. His longer‑term forecasts for 2027 revenue and earnings remain largely unchanged, and although he lifts his price target from $150 to $170, the current valuation already discounts much of the anticipated upside, supporting a neutral, or Hold, stance.
According to TipRanks, Arcuri is a top 25 analyst with an average return of 49.5% and an 81.65% success rate. Arcuri covers the Technology sector, focusing on stocks such as Micron, Nvidia, and Broadcom.
In another report released today, Citi also maintained a Hold rating on the stock with a $160.00 price target.