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StocksUpdated•Originally published 4 May 2026•Updated 5 May 2026•

1 min read

Mixed Analyst Price Target Adjustments for Major US Equities

Key Facts

1CICC Research increased its price target for QCOM to $185 from $160, maintaining an Outperform rating.

2Jefferies lowered its price target for CLX to $125 from $139, while maintaining a Buy rating.

3Raymond James adjusted the BRO price target down to $65 from $82 due to pressure on organic revenue growth.

Major research firms have issued a series of price target adjustments for US-listed companies, reflecting a mixed outlook across various sectors. While CICC Research raised its target for QCOM to $185, Morgan Stanley increased its price target for the same stock to $146, albeit with a warning regarding pressure on other business segments. This comes as QUALCOMM's smartphone shipments missed market expectations for two consecutive quarters. Conversely, Jefferies lowered its target for CLX to $125, and Raymond James cut its price target for BRO to $65 due to pressures on organic revenue growth. These revisions signal a cautious approach toward specific sectors despite continued, yet nuanced, optimism in technology hardware amid challenging Android market conditions.

30 days ago

Version History

Version 130 days ago

What changed: Added Morgan Stanley's price target update for QCOM and reported the consecutive quarterly misses in smartphone shipments.