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Mizuho: Downgraded Qualcomm (QCOM. US) target share price to $165, and the core business helps offset the adverse effects

author:Zhitong Finance

Mizuho analyst Vijay Rakesh has learned that Qualcomm (QCOM. US) lowered its share price target to $165 from $180 and maintained a "buy" rating on the stock.

The analyst said that while Qualcomm's operations in some regions may face some headwinds, the undesirable effects could be offset by the fact that its high-margin QTL business and the growth of iPhone sales are likely to push the company's overall profit margin upwards.

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