Morgan Stanley Raises Qualcomm Price Target to $231, Sees AI Revenue of $5B in Fiscal 2027

According to Morgan Stanley, the firm raised Qualcomm's price target from $146 to $231 and upgraded its rating from underweight to equal-weight following the chipmaker's Investor Day presentation. Morgan Stanley cited stronger-than-expected data center business guidance, including management's 2027 fiscal year AI-related revenue target of $5 billion, more than double market expectations. The analyst also raised its 2027 revenue forecast from $41 billion to $46 billion and adjusted EPS estimate from $9.84 to $10.45, reflecting accelerated business diversification.
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