Qualcomm price target raised to $150 from $135 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Qualcomm (QCOM) to $150 from $135 and keeps a Neutral rating on the shares. Qualcomm guided a meaningful June quarter miss driven by weaker Android demand tied to DRAM shortages, but shares rose after management suggested handset demand may be near a trough and disclosed a new custom silicon win at a large hyperscaler with potential ramping later in 2026, the analyst tells investors in a research note.