Qualcomm (QCOM) Valuation Looks Elevated After Recent Move, Citi Says

QUALCOMM Incorporated (NASDAQ:QCOM) is included among the 15 Best S&P 500 Dividend Stocks to Buy in 2026.

On January 15, Citi kept its Neutral rating on QUALCOMM Incorporated (NASDAQ:QCOM) with a $180 price target after the stock moved under a new analyst’s coverage. The firm noted that Qualcomm shares are currently trading above their historical valuation levels.

Separately, Reuters reported on January 7 that Qualcomm is in discussions with Samsung Electronics about having Samsung manufacture two-nanometer chips on a contract basis. Qualcomm CEO Cristiano Amon was quoted by the Korea Economic Daily as saying the company is speaking with Samsung first, among a group of chip foundry partners, about producing chips using Samsung’s latest 2-nm process. He also said the design work has already been completed, with commercialization expected in the near future.

Qualcomm did not immediately respond to requests for comment outside regular business hours, while Samsung said it does not comment on specific customers.

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes core technologies that power much of the wireless communications industry.

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Disclosure: None.