Qualcomm price target raised to $220 from $180 at Argus

Argus raised the firm’s price target on Qualcomm (QCOM) to $220 from $180 and keeps a Buy rating on the shares following the earnings report. The firm says Qualcomm continues to experience solid growth in non-handset areas. Argus expects memory availability to gradually improve throughout 2026 and finds Qualcomm shares attractive at “current depressed levels.”