BofA Lifts PT on QUALCOMM (QCOM) – Here’s Why
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BofA Lifts PT on QUALCOMM (QCOM) – Here’s Why Noor Ul Ain Rehman Sat, June 27, 2026 at 2:38 PM EDT 2 min read QCOM BAC QUALCOMM, Inc. (NASDAQ: QCOM ) is one of the best trending AI stocks to watch in 2026 . BofA lifted the price target on QUALCOMM, Inc. (NASDAQ:QCOM) to $195 from $165 on May 23 and maintained an Underperform rating on the shares. The rating update came ahead of the company's investor day on Wednesday, June 24, with the firm stating that it is rolling forward in its valuation to calendar year 2028 estimates. However, it maintained an Underperform rating on the shares as it believes the company is re-entering a fast-growing but hyper-competitive AI market that is full of large incumbents as the company works to diversify away from handsets toward a broader AI compute platform spanning edge, auto/IoT, and data center. In another development, Bloomberg reported on June 22 that according to people familiar with the matter, QUALCOMM, Inc. (NASDAQ:QCOM) is in advanced talks to acquire Modular Inc, the AI infrastructure software company, in a transaction valued at around $4 billion. It further reported that a transaction may be announced as soon as the upcoming week. Bloomberg added that the people asked not to be identified since the information is private. 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 operates across various high-growth markets, including autonomous vehicles and smartphones. QUALCOMM's Snapdragon augmented reality technology is the next generation of mobile computing. 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 . READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow . Disclosure: None. Follow Insider Monkey on Google News .
AI 시장 분석
Bank of America raised QUALCOMM(QCOM)'s price target from $165 to $195 but kept an Underperform rating. The move reflects rolling valuation forward to 2028 results, acknowledging AI growth potential while remaining cautious about intensifying competition and risks. According to Bloomberg, QUALCOMM is negotiating to acquire AI infrastructure software company Modular for about $4B, which could accelerate its software stack and expansion into data center and edge AI. However, integration costs and near-term revenue variability and margin pressure from reducing handset dependence present risks.
상승 영향
- AI Infrastructure & Software — Modular acquisition would strengthen QUALCOMM's software stack and is expected to expand data center and services revenue.
- Semiconductors (AI chips / on-device) — Expansion of AI and on-device computing should drive long-term demand for high-performance, low-power chips such as Snapdragon.
- Automotive / Autonomous Driving — Growth of in-vehicle edge AI solutions for autonomous driving and vehicle electronics will boost demand for automotive chips and software and diversify customers.
- Edge Computing / IoT / AR — Strengthening edge and AR platforms can create new applications beyond handsets and expand the partner ecosystem.
하락 영향
- Smartphones / Handset Chipsets — Reducing handset dependence could cause short-term revenue declines and risks around renegotiating contracts with existing OEMs.
- Data Centers — The data center AI market is dominated by strong incumbents such as NVIDIA, making share gains difficult and creating price and margin pressure.
- Equity / Valuation — Despite BofA's PT increase, maintaining an Underperform limits improvement in investor sentiment and short-term volatility concerns remain.
- M&A / Financial Risk — An approximately $4B Modular acquisition could negatively affect short-term cash flow and financial metrics due to integration costs and intangible asset burdens.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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