Qualcomm's Price Target Cut to $180 by Argus Research Amid Analyst Revisions

Argus Research lowered Qualcomm's (QCOM) price target from $205 to $180, maintaining a "Buy" rating. Analysts have made significant revisions for QCOM, with some maintaining "Buy" ratings while decreasing price targets. The consensus remains mixed, but investors should consider adjusted targets and ratings when making investment decisions. Qualcomm develops and licenses wireless technology, designs chips for smartphones, and supplies nearly every premier handset maker with leading-edge processors. The average target price for QCOM is $168.49, with a high estimate of $205 and a low estimate of $134.