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QUALCOMM (QCOM) Stock Forecast & Price Target

$186.21
-5.25 (-2.74%)
(As of 07/19/2024 ET)

QUALCOMM - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 25 Wall Street analysts who have issued ratings for QUALCOMM in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 25 analysts, 1 has given a sell rating, 8 have given a hold rating, and 16 have given a buy rating for QCOM.

Consensus Price Target

$197.54
6.09% Upside
High Forecast$270.00
Average Forecast$197.54
Low Forecast$121.00

According to the 25 analysts' twelve-month price targets for QUALCOMM, the average price target is $197.54. The highest price target for QCOM is $270.00, while the lowest price target for QCOM is $121.00. The average price target represents a forecasted upside of 6.09% from the current price of $186.21.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
16 Buy rating(s)
16 Buy rating(s)
11 Buy rating(s)
17 Buy rating(s)
Hold
8 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$197.54$188.74$156.90$145.92
Forecasted Upside6.09% Upside8.95% Upside10.62% Upside19.43% Upside
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QCOM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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QCOM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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QUALCOMM Stock vs. The Competition

TypeQUALCOMMComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.60
2.61
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside6.09% Upside117.47% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Hsbc Global Res
0 of 5 stars
F. Lee
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DowngradeStrong-Buy ➝ Hold
7/17/2024Susquehanna
2 of 5 stars
 Boost TargetPositive ➝ Positive$205.00 ➝ $250.00+26.99%
7/17/2024HSBC
2 of 5 stars
 DowngradeBuy ➝ Hold$200.00-4.60%
7/16/2024Cantor Fitzgerald
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C. Muse
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Boost TargetNeutral ➝ Neutral$190.00 ➝ $215.00+3.08%
7/15/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$170.00 ➝ $200.00-3.72%
7/9/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$205.00 ➝ $225.00+8.23%
6/21/2024Tigress Financial
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I. Feinseth
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Boost TargetBuy ➝ Buy$238.00 ➝ $270.00+27.15%
6/4/2024TD Cowen
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 Boost TargetBuy ➝ Buy$200.00 ➝ $235.00+14.13%
5/31/2024Mizuho
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 Boost TargetBuy ➝ Buy$180.00 ➝ $240.00+17.19%
5/31/2024Bank of America
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 Boost TargetBuy ➝ Buy$180.00 ➝ $245.00+19.63%
5/7/2024Argus
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J. Kelleher
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Boost TargetBuy ➝ Buy$180.00 ➝ $205.00+12.03%
5/3/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$200.00+11.98%
5/2/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$180.00 ➝ $206.00+14.24%
5/2/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$165.00 ➝ $185.00+3.09%
5/2/2024Barclays
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 Boost TargetOverweight ➝ Overweight$155.00 ➝ $185.00+3.09%
5/2/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$170.00 ➝ $185.00+3.49%
5/2/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$165.00 ➝ $175.00-1.36%
5/2/2024Wells Fargo & Company
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 Boost TargetUnderweight ➝ Underweight$120.00 ➝ $140.00-21.09%
5/2/2024Wolfe Research
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 Boost TargetOutperform ➝ Outperform$180.00 ➝ $200.00+21.87%
5/2/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$158.00 ➝ $172.00+4.81%
5/2/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$160.00 ➝ $200.00+21.87%
4/16/2024Evercore ISI
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 Initiated CoverageIn-Line$177.00+4.22%
2/1/2024Rosenblatt Securities
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 Boost TargetBuy ➝ Buy$160.00 ➝ $170.00+14.47%
11/3/2023DZ Bank
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 UpgradeHold ➝ Buy$140.00+17.13%
8/3/2023Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$130.00 ➝ $121.00-6.40%
3/22/2023Westpark Capital
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 Initiated CoverageHold
3/1/2023Raymond James
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 Initiated CoverageMarket Perform
2/3/2023Credit Suisse Group
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 Boost TargetOutperform$150.00 ➝ $165.00+24.53%
2/3/2023Cowen
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 Lower TargetOutperform$165.00 ➝ $155.00+14.10%
11/4/2022Sanford C. Bernstein
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 Lower Target$165.00+54.65%
11/3/2022Cowen
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 Lower TargetOutperform$185.00 ➝ $165.00+46.67%
7/28/2022Edward Jones
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 UpgradeHold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:39 PM ET.

QCOM Forecast - Frequently Asked Questions

What is QUALCOMM's forecast for 2024?

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for QUALCOMM is $197.54, with a high forecast of $270.00 and a low forecast of $121.00.

Should I buy or sell QUALCOMM stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There is currently 1 sell rating, 8 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" QCOM shares.

Does QUALCOMM's stock price have much upside?

According to analysts, QUALCOMM's stock has a predicted upside of 8.93% based on their 12-month stock forecasts.

Has QUALCOMM been downgraded by Wall Street analysts recently?

Over the previous 90 days, QUALCOMM's stock had 2 downgrades by analysts.

Do Wall Street analysts like QUALCOMM more than its competitors?

Analysts like QUALCOMM less than other "computer and technology" companies. The consensus rating score for QUALCOMM is 2.60 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how QCOM compares to other companies.


This page (NASDAQ:QCOM) was last updated on 7/20/2024 by MarketBeat.com Staff

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