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Morningstar Raises Qualcomm Target to $200, Forecasts $5B Data-Center Revenue in FY2027

2026-06-26 07:19:46

According to Morningstar, the firm raised Qualcomm's (QCOM) fair value estimate to $200 from $155 on June 26 following the company's data-center investor event. Qualcomm now forecasts data-center revenue of $5 billion in fiscal 2027 and $15 billion in fiscal 2029. Morningstar said two hyperscale customers are expected to exceed $1 billion in fiscal 2027, suggesting Microsoft and Google may be among Qualcomm's key clients for its emerging AI server chips.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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