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QUALCOMM (QCOM) Stock Forecast & Price Target

$174.09
-3.95 (-2.22%)
(As of 10/15/2024 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

Sell
1
Hold
11
Buy
14

Based on 26 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 26 analysts, 1 has given a sell rating, 11 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for QCOM.

Consensus Price Target

$209.38
20.27% Upside
According to the 26 analysts' twelve-month price targets for QUALCOMM, the average price target is $209.38. The highest price target for QCOM is $270.00, while the lowest price target for QCOM is $160.00. The average price target represents a forecasted upside of 20.27% from the current price of $174.09.
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QCOM Analyst Ratings Over Time

TypeCurrent Forecast
10/17/23 to 10/16/24
1 Month Ago
9/17/23 to 9/16/24
3 Months Ago
7/19/23 to 7/18/24
1 Year Ago
10/17/22 to 10/17/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
14 Buy rating(s)
16 Buy rating(s)
14 Buy rating(s)
Hold
11 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$209.38$210.63$197.54$142.61
Forecasted Upside20.27% Upside26.42% Upside3.18% Upside27.10% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

QUALCOMM Stock vs. The Competition

TypeQUALCOMMComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.54
2.66
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside20.27% Upside1,038.15% Upside6.63% Upside
News Sentiment Rating
Neutral News

See Recent QCOM News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/8/2024Cantor Fitzgerald
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$215.00 ➝ $160.00-3.11%
10/8/2024KeyCorp
3 of 5 stars
J. Vinh
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DowngradeOverweight ➝ Sector Weight
9/17/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$230.00 ➝ $210.00+24.77%
9/16/2024TD Cowen
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J. Buchalter
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UpgradeStrong-Buy
8/12/2024Wolfe Research
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C. Caso
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DowngradeOutperform ➝ Peer Perform
8/2/2024DZ Bank
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 UpgradeHold ➝ Buy$210.00+28.05%
8/1/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$155.00 ➝ $170.00+4.42%
8/1/2024Barclays
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 Boost TargetOverweight ➝ Overweight$185.00 ➝ $200.00+21.94%
8/1/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$185.00 ➝ $205.00+24.23%
8/1/2024Wells Fargo & Company
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 Boost TargetUnderweight ➝ Underweight$140.00 ➝ $170.00-1.31%
8/1/2024Rosenblatt Securities
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 Boost TargetBuy ➝ Buy$240.00 ➝ $250.00+38.16%
7/30/2024Westpark Capital
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K. Garrigan
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Reiterated RatingHold
7/23/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$200.00 ➝ $250.00+28.22%
7/17/2024Hsbc Global Res
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F. Lee
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DowngradeStrong-Buy ➝ Hold
7/17/2024Susquehanna
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 Boost TargetPositive ➝ Positive$205.00 ➝ $250.00+26.99%
7/17/2024HSBC
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 DowngradeBuy ➝ Hold$200.00-4.60%
7/15/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$170.00 ➝ $200.00-3.72%
6/21/2024Tigress Financial
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I. Feinseth
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Boost TargetBuy ➝ Buy$238.00 ➝ $270.00+27.15%
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%
5/2/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$165.00 ➝ $175.00-1.36%
5/2/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$158.00 ➝ $172.00+4.81%
4/16/2024Evercore ISI
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 Initiated CoverageIn-Line$177.00+4.22%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:34 AM ET.


Should I Buy QUALCOMM Stock? QCOM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 7, 2024. Please send any questions or comments about these QUALCOMM pros and cons to contact@marketbeat.com.

QUALCOMM
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in QUALCOMM Incorporated:

  • QUALCOMM's consistent dividend payments provide a reliable income stream for investors, with a current annualized dividend of $3.40 and a yield of 2.02%.
  • Analysts forecast an earnings per share of 8.02 for the current year, indicating strong financial performance.
  • Recent analyst ratings include upgrades to "strong-buy" and "buy," suggesting positive sentiment towards the company's future prospects.
  • QUALCOMM's technology licensing segment (QTL) contributes significantly to its revenue, providing a stable income source.
  • With institutional investors holding 74.35% of the company's stock, there is a strong vote of confidence in QUALCOMM's long-term growth potential.

QUALCOMM
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in QUALCOMM Incorporated for these reasons:

  • QUALCOMM's stock price may be volatile, influenced by market conditions and industry competition, requiring a higher risk tolerance from investors.
  • While the dividend yield is attractive, the payout ratio of 45.70% indicates a significant portion of earnings is distributed as dividends, potentially limiting reinvestment for growth.
  • Analysts have issued hold ratings alongside buy ratings, suggesting mixed opinions on the company's future performance.
  • The wireless technology industry is highly competitive, with rapid technological advancements posing challenges for QUALCOMM's market position.
  • Investors should consider the impact of macroeconomic factors on QUALCOMM's business, such as trade policies and global economic conditions.

QCOM Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for QUALCOMM is $209.38, with a high forecast of $270.00 and a low forecast of $160.00.

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There is currently 1 sell rating, 11 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" QCOM shares.

According to analysts, QUALCOMM's stock has a predicted upside of 20.27% based on their 12-month stock forecasts.

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

Analysts like QUALCOMM less than other "computer and technology" companies. The consensus rating score for QUALCOMM is 2.54 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how QCOM compares to other companies.


This page (NASDAQ:QCOM) was last updated on 10/16/2024 by MarketBeat.com Staff
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