Baird Cuts QUALCOMM (QCOM) Price Target to $177 from $200

We recently published an article titled 13 Best Internet of Things (IoT) Stocks to Buy Now. On February 6, Baird lowered its price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $177 from $200 while maintaining an Outperform rating, updating its model following recent results and signaling that fiscal 2026 is shaping up as a transitional year across certain end markets. QUALCOMM Incorporated (NASDAQ:QCOM) reported fiscal first-quarter revenue of $12.3 billion and non-GAAP EPS of $3.50, both company re ...