JPMorgan Boosts QCOM Price Target to $190 Amid Cloud Spending Prospects
ByAinvest
Friday, Jul 18, 2025 2:27 am ET1min read
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JPMorgan analyst Samik Chatterjee has raised the price target for Qualcomm (QCOM) from $185 to $190, maintaining an Overweight rating. The adjustment comes amid expectations of increased cloud spending, which could lead to positive performance in the latter half of 2025. However, the analyst notes that certain customer sectors may remain sensitive to broader economic conditions. The average target price for QCOM is $176.23, with a high estimate of $225.00 and a low estimate of $140.00.
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