Alright, so here’s the deal with Qualcomm, yeah? Wall Street’s been kinda harsh, like, super harsh, on them. I mean, what did they do — steal someone’s lunch? Anyway, Bernstein’s over here saying, “Nah, give ’em a break.” They’ve slapped an “outperform” label on Qualcomm, like a gold star at school, and are shouting about this $185 share price goal. That’s, like, a pretty sweet jump from the $146.63 it was chilling at on Monday.
Stacy Rasgon, yeah, the analyst, pulls out this random Rodney Dangerfield comparison. Google him if you need to. Talks about Qualcomm getting zilch respect. But now, it’s not the same ol’ Qualcomm. Our smartphones—yep, ones scribblers like me endlessly scroll through when trying to avoid chores—have hit a more chill vibe. Diversification is the buzzword here. They’re spreading their techie wings far and wide.
There’s chat about Apple ditching them for modems, which sounds like a soap opera storyline, but Rasgon is all “Meh, already dealt with.” Other competitions have apparently simmered down too. Less drama’s always nice, right? And regulatory stuff? Also not sweaty anymore.
What’s a bit wild is the smartphone market’s been on a dip, but Rasgon reckons it’s hitting rock bottom soon. Could be a good thing? Maybe? Stocks, they slipped like 5% in 2025, and the folks are all clucking about Apple hiccups, but it’s old news. Rasgon mentions the portfolio’s toughening up, and the stocks are a bargain.
Oh, and, in case you’re wondering, Rasgon thinks these shares are, well, kinda the cool underdog. Guess we’ll see how this plays out.
