RBC raises Qualcomm price target to $180 on Amazon AI deal
RBC Capital Markets lifted its Qualcomm (QCOM) price target to $180 from $160, keeping a Sector Perform rating, citing a potentially stronger position in the data-center AI market from the chipmaker’s Amazon agreement.
RBC Capital Markets lifted its price target on Qualcomm NASDAQ:QCOM to $180 from $160 after the chipmaker’s agreement with Amazon. Analyst Srini Pajjuri kept a Sector Perform rating and said the relationship could strengthen Qualcomm’s position in the data-center AI market.