01:10 PM EDT, 05/29/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to $300 from $220, on P/E of about 24x our CY 28 EPS estimate of $12.50, above peers and historical averages to reflect emerging growth opportunities and diversification. We keep our FY 26 EPS at $10.67 and FY 27's at $10.75. We start FY 28 at $12.15. Our positive outlook reflects several factors that we believe are underappreciated by the market at current valuation levels. We see QCOM successfully executing its diversification strategy with tangible momentum in automotive, IoT, and the emerging data center opportunity, reducing reliance on the cyclical handset market and mitigating risks from the Apple modem transition. The near-term handset weakness led by memory supply constraints appears transitory and supply-driven rather than demand-driven, with a trough seen in Android markets during the Jun-Q. QCOM's entry into data center custom silicon also represents a material new revenue stream with favorable economics, validated by a multi-generation hyperscaler engagement.