[UBS Lowers Qualcomm Target Price to $170, Quarterly Revenue Down 4% Year-on-Year] BlockBeats News, July 30: UBS Group has lowered Qualcomm's (QCOM.O) target price from $190 to $170. Qualcomm announced its Q3 FY2026 revenue of $9.95 billion after the market closed on Wednesday, compared to $10.365 billion in the same period last year, marking a 4% year-on-year decline. Market expectations were $9.66 billion. According to BIT (bit.com) market data, Qualcomm's pre-market shares are down approximately 6%, trading at $146.3.