Qualcomm's (QCOM) "Buy" Rating Reaffirmed at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed its “Buy” rating on Qualcomm and set a $235 price target, implying approximately 35% upside from the stock’s $174.09 opening price.
• Qualcomm’s analyst consensus remains more cautious, with an average “Hold” rating and a $203.76 consensus price target. Recent quarterly results narrowly missed earnings expectations, although revenue exceeded forecasts and the company maintained strong profitability.
• Qualcomm is pursuing growth beyond smartphones through a planned multi-generational collaboration with Amazon to develop AI data-center chips and optical connectivity technology, a move analysts view as a potentially significant long-term revenue opportunity.

Qualcomm (NASDAQ:QCOM - Get Free Report)'s stock had its "buy" rating reissued by analysts at Rosenblatt Securities in a report released on Wednesday, Benzinga reports. They currently have a $235.00 target price on the wireless technology company's stock. Rosenblatt Securities' target price indicates a potential upside of 34.99% from the company's current price.

Other research analysts have also recently issued reports about the stock. Susquehanna cut their price target on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Dbs Bank upgraded Qualcomm to a "moderate buy" rating in a research note on Tuesday, July 7th. Melius Research set a $220.00 target price on Qualcomm in a research report on Monday, May 18th. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Oppenheimer set a $200.00 target price on Qualcomm in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $203.76.

Qualcomm Stock Up 3.2%

Shares of NASDAQ:QCOM opened at $174.09 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $168.43 and a 200 day moving average price of $170.26. Qualcomm has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a market cap of $182.84 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.52 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts predict that Qualcomm will post 7.74 earnings per share for the current year.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 11,533 shares of company stock valued at $1,961,219. 0.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Qualcomm

Several institutional investors have recently modified their holdings of QCOM. Baxter Bros Inc. acquired a new stake in shares of Qualcomm during the 2nd quarter valued at about $17,844,000. MUFG Securities EMEA plc raised its position in shares of Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after purchasing an additional 23,262 shares during the period. Western Wealth Management LLC boosted its holdings in shares of Qualcomm by 16.9% during the 4th quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company's stock worth $3,538,000 after buying an additional 2,990 shares during the period. Requisite Capital Management LLC bought a new position in Qualcomm in the 4th quarter worth $700,000. Finally, Financial Synergies Wealth Advisors Inc. bought a new position in shares of Qualcomm in the fourth quarter worth about $499,000. Institutional investors own 74.35% of the company's stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon AI infrastructure partnership: Qualcomm and Amazon plan to develop customized chips for large-scale AI data centers, initially targeting AI inference workloads. Qualcomm’s optical connectivity technology will also support high-bandwidth data-center interconnects. The agreement gives Qualcomm a major cloud customer and an important validation of its ability to compete in AI infrastructure. Qualcomm Amazon collaboration announcement
• Positive Sentiment: New growth avenue beyond smartphones: The deal, described in coverage as potentially representing roughly $60 billion over multiple generations, prompted analysts to reassess Qualcomm’s growth outlook. Investors see AWS demand as a path toward diversifying revenue while Qualcomm’s mobile-device business matures. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Long-term valuation upside: One analyst argued that the market is valuing QCOM primarily on a stagnant handset business, while potential data-center and robotics revenue is being overlooked. The analyst expects data-center revenue to begin scaling from 2027, with Meta also cited as a potential anchor customer. Qualcomm AI data center opportunity analysis

Qualcomm Company Profile

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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