Goldman Sachs Cautious on QUALCOMM (QCOM) Amid Key Customer Losses

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Analysts’ views connected Qualcomm Incorporated (NASDAQ:QCOM) stay divided arsenic of April 1, 2026, with astir 60% of covering analysts holding mixed ratings. Yet the $150 statement terms people implies astir 20% upside.

Recently, analysts astatine Goldman Sachs discussed QUALCOMM Incorporated (NASDAQ:QCOM)’s outlook.

Goldman Sachs initiated sum connected Qualcomm Incorporated (NASDAQ:QCOM) connected March 30, 2026, with a “Neutral” standing and a $135 terms target. According to expert James Schneider, Qualcomm Incorporated (NASDAQ:QCOM) is leveraging its intelligence spot successful related industries, including information centers, PCs, and automobiles, to diversify its gross sources. At the aforesaid time, the steadfast anticipates that the company’s short-term fundamentals would beryllium impacted by stock losses astatine cardinal smartphone customers, particularly Apple.

Previously, connected March 26, Bernstein reduced its terms people from $175 to $140 and downgraded Qualcomm Incorporated (NASDAQ:QCOM) from “Outperform” to “Market Perform.” The concern steadfast said statement estimates present look excessively optimistic and mentioned that representation outgo concerns could person a antagonistic interaction connected smartphone shipments. Additionally, Bernstein pointed retired that the risks associated with smartphone weaknesses and the impending expiration of the Apple licence woody are improbable to beryllium wholly outweighed by imaginable communicative tailwinds from buybacks and information halfway initiatives.

Qualcomm Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless manufacture worldwide. It operates done 3 segments: Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives.

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