Major Bank Rating | Citi: Raises Qualcomm Target Price to $198, Maintains "Neutral" Rating
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Glonhui, June 25｜Citi released a research report stating that Qualcomm held an Investor Day in New York, presenting to investors its diversified development in automotive, IoT, and data center sectors. Management raised the fiscal 2029 non-handset business revenue target from $22 billion to $40 billion, driven mainly by a data center revenue goal of over $15 billion. The company aims to achieve non-GAAP earnings per share of more than $18 in fiscal 2029.
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