Qualcomm price target lowered to $210 from $230 at Susquehanna

Susquehanna lowered the firm’s price target on Qualcomm (QCOM) to $210 from $230 and keeps a Positive rating on the shares. The firm said they show continued progress on diversification strategy, with edge AI a growth accelerant across the company. Targeting 50/50 Handset/Auto & IoT revenue mix by 2030, though Apple (AAPL) transition impacts growth for the next three years.