Analysts cautious on Qualcomm despite chip sales growth forecast
** Shares of chipmaker Qualcomm QCOM.O fall 6.4% to $154.25
** Stock hits over three-month low, on track for its worst day since Sept. 3
** QCOM, on Tuesday, forecast $22 bln in combined revenue over the next five years from products outside its current stronghold in smartphones, with $8 bln in automotive chip revenue by fiscal 2029
** QCOM also said President-elect Donald Trump's proposed U.S. tariffs on China are not a concern; company derives nearly half its revenue from China
** Brokerage Susquehanna cuts PT to $210 from $230; says loss of chip business from Apple could impact company's growth till 2027
** Bernstein says company has not increased auto chips pipeline and targets, while expecting growth
** Targets are dependent on new market development, the pace and magnitude of which is uncertain - BofA Global Research
** Average rating of 42 brokerages is a "buy"; their median PT is $200, according to data compiled by LSEG
** Including session's move, stock up about 6.4% YTD
Reporting by Ragini Mathur in Bengaluru
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