Susquehanna analyst Christopher Rolland has reiterated their bullish stance on QCOM stock, giving a Buy rating today.
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Christopher Rolland has given his Buy rating due to a combination of factors including Qualcomm’s ongoing strength in the Auto and IoT sectors. The company has shown robust performance with its Snapdragon 8 Elite and the Snapdragon AR1 chipset, which have been well-received in the market. Additionally, Qualcomm’s strategic partnerships, such as the multi-year agreement with Xiaomi, and its expansion into the data center space through the acquisition of Alphawave Semi, highlight its growth potential.
Despite some challenges, such as the anticipated decline in market share with Samsung’s Galaxy S26 and the slow ramp in the PC segment, Qualcomm’s guidance for future growth remains positive. The company’s efforts in developing AI inference accelerator cards and custom SoCs, along with its engagement with potential customers, particularly a leading hyperscaler, further support the optimistic outlook. These factors, combined with better-than-expected gross margins and a positive revenue forecast, underpin Rolland’s Buy rating for Qualcomm.
In another report released today, Mizuho Securities also maintained a Buy rating on the stock with a $185.00 price target.