24/7 Wall St. has issued a "buy" recommendation for Qualcomm (QCOM), setting a price target of $226.08, which implies a 38.97% upside over the next 12 months from its August 11 closing price of $162.68. The analysis suggests the market is overlooking Qualcomm's strong growth in non-handset segments, particularly automotive, which grew 61% in Q3, and the upcoming hyperscaler data center shipments slated for December 2026. CEO Cristiano Amon targets $40 billion in non-handset revenue by fiscal 2029, nearly doubling a previous target. Qualcomm currently trades at 16x forward earnings, compared to Broadcom's 23x, which analysts believe undervalues its diversification efforts.