QUALCOMM Incorporated (NASDAQ:QCOM) is ranked among the 15 Best Passive Income Stocks to Buy Right Now. Susquehanna analyst raised QCOM’s price target to $210 due to strong handset momentum, with fiscal Q4 2026 showing a 14% revenue increase in the Handset segment. The company plans to introduce an AI data center chip next year.

In FY26, QUALCOMM expects record QCT handset revenue growth driven by new flagship Android releases. Automotive revenue is projected to remain flat to slightly higher sequentially. The company reaffirmed its fiscal 2029 revenue target of $22 billion across automotive and IoT sectors, citing strong growth trends and customer wins.

QUALCOMM develops core wireless technologies, producing semiconductors, software, and services for the telecommunications industry. While QCOM is a solid investment, certain AI stocks offer greater upside potential. Check out our free report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Susquehanna Raises Qualcomm (QCOM) Price Target to $210 on Strong Handset Momentum