Qualcomm price target lowered to $177 from $200 at Baird

Group 1 - Baird analyst Tristan Gerra has lowered the price target on Qualcomm (QCOM) to $177 from $200 while maintaining an Outperform rating on the shares [1] - The firm's model was updated following results that indicate 2026 will be a transition year for Qualcomm [1]