What Does Wall Street Think About QUALCOMM Incorporated (QCOM)?

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the best affordable growth stocks to buy. On August 26, Arete analyst Brett Simpson upgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Buy from Neutral, setting a $200 price target.

However, Piper Sandler analyst Harsh Kumar lowered the firm’s price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $175 from $190 on July 31, keeping an Overweight rating on the shares.

The firm told investors that QUALCOMM Incorporated (NASDAQ:QCOM) executed well on its diversification plans and is well-positioned for future growth in key areas, including IoT and auto.

QUALCOMM Incorporated (NASDAQ:QCOM) reported its fiscal Q3 2025 results on July 30, with revenue for the quarter reaching $10.4 billion.

The company reported a GAAP EPS of $2.43 and a non-GAAP EPS of $2.77.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry, including 3G, 4G, and 5G wireless connectivity and high-performance and low-power computing, including on-device AI.

The company has operations across various high-growth markets, including autonomous vehicles and smartphones. Its Snapdragon augmented reality technology is the next generation of mobile computing. The company continuously innovates to deliver intelligent computing with proven solutions that transform major industries.

While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.