Qualcomm Incorporated (NASDAQ:QCOM) Stock Has Average Target Price of $204.10

Key Points

• Analyst consensus is “Hold”: Among 38 analysts, 21 rate Qualcomm a hold, 12 a buy, two a strong buy and three a sell. The average 12-month price target is $204.10, above the stock’s reported price of $174.43.
• Qualcomm is pursuing growth beyond smartphones: New opportunities include Amazon’s long-term chip partnership, AI-enabled 6G research and expansion into cloud, data-center and infrastructure markets. These initiatives could support long-term growth but face significant competition and execution risks.
• Recent financial results were mixed: Qualcomm reported quarterly revenue of $9.95 billion, ahead of estimates, but EPS of $2.21 slightly missed expectations and revenue declined 4% year over year. Insiders sold $5.44 million of stock in the last quarter, while institutional investors own 74.35% of shares.

Qualcomm Incorporated (NASDAQ:QCOM - Get Free Report) has received an average recommendation of "Hold" from the thirty-eight research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $204.10.

QCOM has been the subject of several analyst reports. Oppenheimer set a $200.00 price objective on shares of Qualcomm in a research note on Monday, July 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Monday, September 21st. Morgan Stanley decreased their target price on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. DZ Bank raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a report on Friday, June 26th. Finally, Mizuho raised their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 625 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. This represents a 75.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $182.85, for a total value of $457,125.00. Following the sale, the executive vice president directly owned 18,184 shares in the company, valued at approximately $3,324,944.40. This trade represents a 12.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,131 shares of company stock worth $5,441,226 in the last quarter. Insiders own 0.05% of the company's stock.

Institutional Investors Weigh In On Qualcomm

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Qualcomm in the second quarter valued at about $17,583,115,000. Bank of New York Mellon Corp bought a new position in shares of Qualcomm during the 2nd quarter valued at approximately $1,523,930,000. Deutsche Bank AG bought a new position in shares of Qualcomm during the 2nd quarter valued at approximately $1,178,349,000. Amundi increased its stake in shares of Qualcomm by 94.1% during the 2nd quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock worth $1,884,071,000 after purchasing an additional 4,942,908 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Expansion beyond smartphones: Qualcomm recently added Amazon as a long-term chip customer, supporting its effort to build a larger cloud and data-center business. Investors may see this as evidence that Qualcomm’s AI strategy extends beyond handsets. Qualcomm Has Amazon Now. Why Is It Still Priced Like a Phone Stock?
• Positive Sentiment: 6G technology leadership: Qualcomm is advancing AI-enabled 6G networks, Giga-MIMO and integrated sensing. A proof of concept with Tejas Networks combines communications, sensing and on-device AI, potentially opening future opportunities in network infrastructure and industrial applications. Can Qualcomm's Advanced 6G Research Boost Its Future Growth Prospects?
• Positive Sentiment: More optimistic valuation view: Baird reportedly established a $400 price target, indicating substantial upside if Qualcomm’s diversification and AI initiatives translate into stronger growth. Baird Sets USD 400 Target for Qualcomm Stock
• Neutral Sentiment: Long-term AI opportunity: CEO Cristiano Amon said AI companies want phones capable of running models with up to 100 billion parameters by 2028. That could increase demand for Qualcomm’s advanced mobile processors, although the opportunity remains several years away.
• Neutral Sentiment: Changing investor narrative: Management has shifted emphasis away from previously highlighted automotive and IoT sales targets toward broader AI and infrastructure opportunities. This may create upside, but investors need evidence that newer businesses can offset slower handset growth. What Changed In Qualcomm's Story?
• Negative Sentiment: AI competition and execution risk: One comparison favors AMD as the stronger AI-chip investment for 2026, highlighting concerns that Qualcomm may lag larger competitors in capturing rapidly growing AI spending. Qualcomm’s latest quarterly EPS also modestly missed estimates, while revenue declined year over year.

Qualcomm Stock Down 0.6%

QCOM stock opened at $174.43 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market capitalization of $186.26 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 3.95 and a beta of 1.65. The business's fifty day moving average price is $173.99 and its two-hundred day moving average price is $178.40. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

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

About Qualcomm

Qualcomm Incorporated NASDAQ: QCOM is a technology company headquartered in San Diego, California, that develops wireless communications technologies, semiconductors and related software. Its products support mobile devices, connected computing, automotive systems, industrial equipment and consumer electronics.

Qualcomm's semiconductor business operates primarily through its Qualcomm CDMA Technologies segment. Its offerings include Snapdragon platforms and systems-on-chip, cellular modems, radio-frequency components, connectivity products, and processors for smartphones, personal computers, extended-reality devices, vehicles and the Internet of Things.

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