大行评级丨花旗：下调高通目标价至140美元，下调2026及27财年盈利预测

Core Viewpoint - Citigroup's report indicates that Qualcomm's guidance for the March quarter is below expectations, attributing this to supply shortages of DRAM components faced by smartphone manufacturers, particularly in the low-end Android market [1] Group 1: Financial Forecasts - Citigroup expects Qualcomm's QCT mobile business sales to continue declining quarter-over-quarter until the September quarter due to supply constraints, seasonal factors, and Apple's integration of modem chips [1] - Based on the lowered mobile sales forecast, Citigroup has reduced its earnings per share estimates for fiscal years 2026 and 2027 by 13% and 12% respectively [1] - The target price for Qualcomm has been decreased from $180 to $140, while maintaining a "neutral" rating [1]