06:30 AM EST, 11/06/2025 (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 keep our 12-month target at $220, on P/E of 17.9x our CY 27 EPS estimate of $12.30, below peers/above historical (10-year at 16x) to reflect our view that QCOM will be able to diversify its revenue base. After a Sep-Q beat/higher Dec-Q guide, we keep our FY 26 (Sep.) EPS estimate at $11.95 and FY 27 at $12.08. All eyes remain on QCOM's ability to grow its non-Apple business, as we like results in the Dec-Q from the premium-tier Android handset market with its new Snapdragon 8, greater penetration in Automotive, and modestly higher revenue within IoT, helped by demand for AI-powered smart glasses (e.g., Meta). We are encouraged by QCOM's recent announcement to secure a large data center deal with Humain, which will allow data center revenue to ramp in FY 27 (a year earlier than we previously thought), worth billions and another driver to diversify past smartphones. Still, near-term risks remain around Samsung (modem content in S26 likely goes to 75% from 100% in S25) and the loss of Apple's modem business.