Qualcomm (QCOM) Downgraded as Handset Drag Limits Upside, Analyst Says

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the AI Stocks Investors Are Watching Closely. On January 9, Mizuho analyst Vijay Rakesh downgraded the stock from Outperform to Neutral with a price target of $175.00 (from $200.00). The firm is cautious on the stock despite its robust handset positioning, believing that handset drag limits upside. Qualcomm has been dominant in the mobile chip market for a long time now, recently pushing into artificial intelligence (AI) hardware. Mizuho has downgraded the st ...