UBS analyst Timothy Arcuri has adjusted the price target for Qualcomm (QCOM) to $190 from $185, while keeping a Neutral rating on the shares.

This change is in response to the company's positive outlook and strong guidance for its flagship products in the China market.

The growth in Qualcomm's mobile business is notable, especially considering the generally flat unit market.

This growth is attributed to the company's strong presence in the premium tier segment, which demonstrates its resilience and strategic positioning in the competitive landscape.