Glonghui, May 7 | Citi published a report saying that Qualcomm issued good results and guidelines, mainly driven by the mobile phone market to replenish inventory, but it is believed that the mobile phone upgrade cycle driven by artificial intelligence will not occur this year. Qualcomm's target price was raised from 160 US dollars to 170 US dollars, but it maintained a “neutral” rating. Qualcomm's second-quarter sales were US$9.39 billion, down 5% from quarter to quarter, higher than the market and expectations. The gross profit margin was 56.6%, down 32 basis points from quarter to quarter, in line with market expectations. The bank raised its revenue forecast for the current fiscal year from US$37.7 billion to US$38 billion, and its earnings per share forecast from US$7.84 to US$8.04. The forecast for 2025 and 2026 remained unchanged.
大行评级｜花旗：上调高通目标价至8.04美元 维持“中性”评级
Bank Rating | Citibank: Raising Qualcomm's Target Price to $8.04 to Maintain a “Neutral” Rating
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