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Home/News Feed/Qualcomm faces mixed analyst views amid semiconductor sector downturn but shows strong automotive growth.
QCOM
$172.97
+$2.65 +1.56%

Qualcomm faces mixed analyst views amid semiconductor sector downturn but shows strong automotive growth.

Market News
20 Jul 2026
Stuart Mooney
View Source
Neutral
pluang ai news

Qualcomm's stock experiences mixed analyst ratings as the semiconductor sector enters a bear market, with the PHLX Semiconductor Index dropping over 20% since June 2026. Despite a recent 20.3% stock decline, Qualcomm's automotive segment revenue surged 38% year-over-year to a record $1.33 billion, highlighting growth potential outside handsets. Analysts' price targets vary widely, from a cautious $190 to an optimistic $260.52, reflecting differing outlooks on the company's future. Qualcomm aims to double its non-handset revenue to $40 billion by 2029, signaling strategic focus on diversified growth.

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