Qualcomm (QCOM) Stock Forecast & Price Target

Q: What analysts cover Qualcomm?

Qualcomm has been rated by research analysts at Barclays , Benchmark , Cantor Fitzgerald , Citigroup , Evercore , Freedom Capital , KeyCorp , Morgan Stanley , Oppenheimer , Piper Sandler , Robert W. Baird , Rosenblatt Securities , Royal Bank Of Canada , Sanford C. Bernstein , Susquehanna , TD Cowen , The Goldman Sachs Group , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$173.27 +1.16 (+0.67%)

As of 02:34 PM Eastern

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Qualcomm - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 38 Analyst Ratings

Sell
3

Hold
21

Buy
14

Based on 38 Wall Street analysts who have issued ratings for Qualcomm in the last 12 months, the stock has a consensus rating of "Hold." Out of the 38 analysts, 3 have given a sell rating, 21 have given a hold rating, 12 have given a buy rating, and 2 have given a strong buy rating for QCOM.

Consensus Price Target

$204.10
17.80% Upside

According to the 38 analysts' twelve-month price targets for Qualcomm, the average price target is $204.10. The highest price target for QCOM is $400.00, while the lowest price target for QCOM is $120.00. The average price target represents a forecasted upside of 17.80% from the current price of $173.27.

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.

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QCOM Analyst Ratings Over Time

Type	Current Forecast 10/19/25 to 10/19/26	1 Month Ago 9/19/25 to 9/19/26	3 Months Ago 7/21/25 to 7/21/26	1 Year Ago 10/19/24 to 10/19/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	15 Buy rating(s)	12 Buy rating(s)
Hold	21 Hold rating(s)	21 Hold rating(s)	21 Hold rating(s)	8 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$204.10	$204.10	$219.76	$182.10
Forecasted Upside	17.80% Upside	14.85% Upside	26.66% Upside	11.41% Upside
Consensus Rating	Hold	Hold	Hold	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.

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.

Qualcomm Stock vs. The Competition

Type	Qualcomm	Technology Companies	Broader Market
Consensus Rating Score	2.34	2.23	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	15.80% Upside	668.15% Upside	18.36% Upside
News Sentiment Rating	Neutral News See Recent QCOM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/21/2026	Weiss Ratings 3 of 5 stars		Reiterated Rating	Hold (C)
9/15/2026	Zacks Research 4 of 5 stars		Downgrade	Hold ➝ Strong Sell
9/9/2026	Piper Sandler 2 of 5 stars	David O'Connor Not Rated	Initiated Coverage	Overweight ➝ Neutral	$190.00	+7.71%
9/9/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Sector Weight
9/9/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Srini Pajjuri Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Sector Perform	$160.00 ➝ $180.00	+3.39%
9/9/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Stacy Rasgon Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Market Perform
9/9/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Tom O'Malley Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Underweight
9/9/2026	Rosenblatt Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Sajal Dogra Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$235.00	+34.99%
8/7/2026	Freedom Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
7/30/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings	Mark Lipacis Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$159.00	+5.24%
Buffett's Final Warning: "The Dollar Is Going to Hell" (Ad) On May 3rd, 2025, Warren Buffett looked at his shareholders for the last time and said: "The dollar is going to hell." Ray Dalio agrees. The founder of Bridgewater Associates ($150 billion AUM) calls it a "debt death spiral." But there's a specific asset class and investment system that actually thrives when the dollar collapses. Watch how to protect yourself from what Dalio and Buffett see coming (free training).
7/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$160.00	+6.74%
7/30/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Aaron Rakers Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Equal Weight	$265.00 ➝ $170.00	+9.20%
7/30/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	Tristan Gerra Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$400.00	+156.94%
7/30/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Timothy Arcuri Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$190.00 ➝ $170.00	+12.50%
7/30/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	Christopher Rolland Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$190.00 ➝ $160.00	+6.01%
7/30/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Joshua Buchalter Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$225.00 ➝ $175.00	+14.35%
7/30/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Joseph Moore Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Equal Weight	$231.00 ➝ $220.00	+41.32%
7/29/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Atif Malik Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$198.00 ➝ $175.00	+6.79%
7/27/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings	Cody Acree Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$300.00 ➝ $270.00	+60.04%
7/27/2026	Oppenheimer Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$200.00	+18.55%
7/27/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access to unlock brokerage rankings	C.J. Muse Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$200.00 ➝ $165.00	-2.52%
7/15/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Hold
7/7/2026	Dbs Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Moderate Buy
6/29/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	Vijay Rakesh Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$170.00 ➝ $210.00	+11.11%
6/26/2026	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy	$265.00	+29.33%
6/25/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Market Perform ➝ Strong-Buy
6/25/2026	Monness Crespi & Hardt Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Buy
6/25/2026	Lake Street Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Hold
6/25/2026	Craig Hallum Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
6/23/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Tal Liani Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Underperform	$165.00 ➝ $195.00	-12.12%
6/22/2026	Guggenheim Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$200.00	-11.55%
6/5/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Samik Chatterjee Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$160.00 ➝ $265.00	+22.72%
5/18/2026	Melius Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$220.00	+7.95%
5/8/2026	Roth Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Buy
5/8/2026	Tigress Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Ivan Feinseth Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$270.00 ➝ $280.00	+26.31%
5/8/2026	Daiwa Securities Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Outperform	$225.00	+10.98%
5/1/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$220.00	+25.54%
4/30/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Hold	$160.00	-10.98%
4/30/2026	Summit Insights Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy
4/29/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings	David O'Connor Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Neutral
Buffett's Final Warning: "The Dollar Is Going to Hell" (Ad) On May 3rd, 2025, Warren Buffett looked at his shareholders for the last time and said: "The dollar is going to hell." Ray Dalio agrees. The founder of Bridgewater Associates ($150 billion AUM) calls it a "debt death spiral." But there's a specific asset class and investment system that actually thrives when the dollar collapses. Watch how to protect yourself from what Dalio and Buffett see coming (free training).
2/24/2026	Loop Capital Subscribe to MarketBeat All Access to unlock brokerage rankings	Gary Mobley Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Buy	$185.00	+31.76%
8/26/2025	Arete Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Brett Simpson Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$200.00	+25.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:35 PM 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 Saturday, October 17, 2026. Please send any questions or comments about these Qualcomm pros and cons to contact@marketbeat.com.

Qualcomm
Bull Case

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

QUALCOMM Incorporated recently secured a significant legal victory in Delaware, where a jury found that Arm Holdings breached its license agreement with the company. This ruling supports QUALCOMM's position in a dispute that could have affected its ability to use Arm-based designs, providing a strategic and legal win that strengthens its footing for custom CPU development and long-term business flexibility.
The company is expanding its high-margin patent licensing business by renewing its licensing agreement with Apple and extending its 5G licensing coverage with Transsion through 2031. These agreements provide longer-term royalty visibility and support revenue stability, even as Apple works to develop more of its own modem technology and emerging smartphone markets evolve.
QUALCOMM Incorporated is diversifying beyond smartphones by launching an AI-native Wi-Fi 8 gateway for home broadband. This product combines next-generation connectivity with on-device edge AI computing, supporting the company's strategy to enter the home broadband and AI-enabled device markets, which offers a new growth vector independent of handset cycles.
Investors can benefit from the company's strong cash generation, as QUALCOMM has generated free cash flow equal to 5.5% of its market value over the last twelve months. This yield outpaces the 4.4% median for the S&P 500, indicating a business that is highly efficient at converting revenue into cash, which supports its financial health and potential for shareholder returns.
With the current stock price at $172.11, QUALCOMM Incorporated trades at a P/E ratio of 19.92, which is relatively reasonable for a technology leader with a 2.06% dividend yield. The stock is currently trading below its 52-week high of $259.92, potentially offering an entry point for investors who believe in the company's long-term AI and automotive expansion strategies.

Qualcomm
Bear Case

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

Recent insider activity has been predominantly negative, with EVP Ann Chaplin selling 1,827 shares on October 16, 2026, and CEO Cristiano R. Amon selling 10,000 shares in late September. This consistent selling by key executives, including CAO Patricia Y. Grech who sold all her remaining shares, may signal a lack of confidence in the near-term stock price or a desire to lock in gains before potential downturns.
QUALCOMM Incorporated is facing increasing competition in the AI and data-center chip market, highlighted by reports that MediaTek is closing in on a pact with ByteDance for AI data-center chips. This intensifies the competitive landscape for QUALCOMM's efforts to build a significant presence in the high-growth AI infrastructure sector, potentially limiting its market share in this critical area.
There are concerns regarding flagship handset share, as reports suggest Samsung might replace QUALCOMM's chip in the Galaxy S27 Ultra if thermal issues persist. This poses a direct risk to the company's near-term mobile revenue and its relationship with one of its largest customers, highlighting the vulnerability of its core smartphone business to product performance issues.
The company has experienced revenue declines in its last two quarters, with year-over-year revenue growth falling to -4.0% in the most recent period. This trend of shrinking revenue, despite strong cash flow, raises questions about the sustainability of its top-line growth and the pace of its transition away from handset dependence into new markets.
Broader sector-wide chip selling is pressuring QUALCOMM's stock, as investors reduce exposure to chipmakers despite the company's legal wins. This macro headwind, combined with a beta of 1.65, indicates that QUALCOMM is more volatile than the overall market and susceptible to broader semiconductor sector downturns, which can lead to significant price swings unrelated to company-specific performance.

QCOM Forecast - Frequently Asked Questions

According to the research reports of 38 Wall Street equities research analysts, the average twelve-month stock price forecast for Qualcomm is $204.10, with a high forecast of $400.00 and a low forecast of $120.00.

38 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Qualcomm in the last twelve months. There are currently 3 sell ratings, 21 hold ratings, 12 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" QCOM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in QCOM, but not buy additional shares or sell existing shares.

According to analysts, Qualcomm's stock has a predicted upside of 17.80% based on their 12-month stock forecasts.

Over the previous 90 days, Qualcomm's stock had 2 upgrades and 1 downgrade by analysts.

Qualcomm has been rated by research analysts at Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Evercore, Freedom Capital, KeyCorp, Morgan Stanley, Oppenheimer, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Royal Bank Of Canada, Sanford C. Bernstein, Susquehanna, TD Cowen, The Goldman Sachs Group, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Qualcomm more than other "technology" companies. The consensus rating score for Qualcomm is 2.34 while the average consensus rating score for "technology" companies is 2.23. Learn more on how QCOM compares to other companies.

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MarketBeat monitors more than a dozen sources for Qualcomm analyst ratings, with the most recent rating issued on 9/21/2026.

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Qualcomm (QCOM) Stock Forecast & Price Target