Freedom Broker cuts Qualcomm price target to $185 and downgrades rating to Hold
Freedom Broker lowered its price target for Qualcomm to $185 from $200 and changed its rating from Buy to Hold. The downgrade follows Q4 fiscal 2026 results that showed stronger revenue but heightened margin pressure from new growth engines. The broker noted a gross profit margin of 53.1% and cited licensing renewals that secure the QTL segment through fiscal 2030. Qualcomm reported non‑GAAP earnings per share of $2.17 and revenue of $10.44 billion, about 2.96% above forecasts.
Why it matters
The reduced target and downgrade may prompt investors to reassess Qualcomm’s valuation, potentially limiting upside in the near term. The firm’s margin outlook and lower non‑GAAP EPS guidance for fiscal 2027‑2028 suggest tighter profitability going forward.
Key facts
- 1Freedom Broker downgraded Qualcomm to Hold from Buy. investing.com
- 2The broker lowered its price target to $185 from $200. investing.com
- 3Qualcomm’s stock was trading at $173.55 at the time of the note. investing.com
- 4Qualcomm reported a gross profit margin of 53.1%. investing.com
- 5Q4 fiscal 2026 non‑GAAP earnings per share were $2.17. investing.com
- 6Q4 fiscal 2026 revenue was $10.44 billion, roughly 2.96% above forecasts. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.