Qualcomm (QCOM) Stock Forecast & Price Target

Q: What analysts cover Qualcomm?

Qualcomm has been rated by research analysts at Argus , Bank of America , Barclays , Benchmark , BNP Paribas Exane , Cantor Fitzgerald , Citigroup , Craig Hallum , Daiwa Securities Group , Dbs Bank , Deutsche Bank Aktiengesellschaft , DZ Bank , Evercore , Freedom Capital , Guggenheim , HSBC , JPMorgan Chase & Co. , Lake Street Capital , Melius Research , Mizuho , Monness Crespi & Hardt , Morgan Stanley , Oppenheimer , Raymond James Financial , Robert W. Baird , Rosenblatt Securities , Roth Capital , Royal Bank Of Canada , Sanford C. Bernstein , Summit Insights , Susquehanna , TD Cowen , The Goldman Sachs Group , Tigress Financial , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$166.97 -4.14 (-2.42%)

Closing price 07/24/2026 04:00 PM Eastern

Extended Trading

$167.00 +0.03 (+0.02%)

As of 07/24/2026 07:34 PM Eastern

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

Consensus Rating

Hold

Based on 38 Analyst Ratings

Sell
1

Hold
21

Buy
16

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, 1 has given a sell rating, 21 have given a hold rating, 15 have given a buy rating, and 1 has given a strong buy rating for QCOM.

Consensus Price Target

$219.76
31.62% Upside

According to the 38 analysts' twelve-month price targets for Qualcomm, the average price target is $219.76. The highest price target for QCOM is $300.00, while the lowest price target for QCOM is $120.00. The average price target represents a forecasted upside of 31.62% from the current price of $166.97.

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 7/25/25 to 7/25/26	1 Month Ago 6/25/25 to 6/25/26	3 Months Ago 4/26/25 to 4/26/26	1 Year Ago 7/25/24 to 7/25/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	15 Buy rating(s)	9 Buy rating(s)	12 Buy rating(s)
Hold	21 Hold rating(s)	16 Hold rating(s)	13 Hold rating(s)	11 Hold rating(s)
Sell	1 Sell rating(s)	3 Sell rating(s)	4 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$219.76	$194.48	$158.25	$185.10
Forecasted Upside	31.62% Upside	-5.08% Downside	6.32% Upside	16.85% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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	Computer and Technology Companies	Broader Market
Consensus Rating Score	2.42	2.29	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	31.62% Upside	214.36% Upside	14.30% Upside
News Sentiment Rating	Positive News See Recent QCOM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/20/2026	UBS Group 4 of 5 stars	Timothy Arcuri 5 of 5 stars	Set Target		$190.00	+9.45%
7/15/2026	HSBC 3 of 5 stars		Reiterated Rating	Hold
7/13/2026	TD Cowen 3 of 5 stars	Joshua Buchalter Not Rated	Boost Target	Buy	$200.00 ➝ $225.00	+19.92%
7/7/2026	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Moderate Buy
6/29/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vijay Rakesh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$170.00 ➝ $210.00	+11.11%
6/26/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$265.00	+29.33%
6/25/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Market Perform ➝ Strong-Buy
6/25/2026	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy
6/25/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy ➝ Neutral
6/25/2026	Lake Street Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold
Get the Latest News and Ratings for QCOM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Qualcomm and its competitors with MarketBeat's FREE daily newsletter.
6/25/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tom O'Malley Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underweight ➝ Overweight
6/25/2026	Craig Hallum Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/25/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Srini Pajjuri Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$175.00 ➝ $250.00	+23.62%
6/25/2026	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Cody Acree Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$225.00 ➝ $300.00	+48.34%
6/25/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christopher Rolland Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$160.00 ➝ $190.00	-3.12%
6/25/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	C.J. Muse Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Neutral	$150.00 ➝ $220.00	+12.18%
6/25/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stacy Rasgon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$140.00 ➝ $235.00	+19.83%
6/25/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Atif Malik Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$160.00 ➝ $198.00	+0.96%
6/25/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Aaron Rakers Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$230.00 ➝ $265.00	+35.13%
6/25/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Moore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$146.00 ➝ $231.00	+17.79%
6/25/2026	Rosenblatt Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kevin Cassidy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$190.00 ➝ $265.00	+35.13%
6/24/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C)
6/23/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tal Liani Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underperform	$165.00 ➝ $195.00	-12.12%
6/22/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$200.00	-11.55%
6/5/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Samik Chatterjee Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$160.00 ➝ $265.00	+22.72%
5/18/2026	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$220.00	+7.95%
5/13/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
5/8/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Market Perform
5/8/2026	Roth Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy
5/8/2026	Tigress Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ivan Feinseth Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$270.00 ➝ $280.00	+26.31%
5/8/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$225.00	+10.98%
5/4/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
5/1/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$220.00	+25.54%
5/1/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$300.00	+71.19%
4/30/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold	$160.00	-10.98%
4/30/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$179.00	-0.41%
4/30/2026	Summit Insights Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
4/29/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David O'Connor Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Neutral
2/24/2026	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gary Mobley Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$185.00	+31.76%
2/5/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Harsh Kumar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight	$200.00	+48.81%
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8/26/2025	Arete Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brett Simpson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$200.00	+25.31%
10/8/2024	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Vinh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
8/12/2024	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Caso Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
7/30/2024	Westpark Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	K. Garrigan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:43 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 Tuesday, July 21, 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:

The current stock price is around $206, which reflects a strong market position and potential for growth in the semiconductor and telecommunications sectors.
QUALCOMM Incorporated has a robust return on equity of over 42%, indicating effective management and profitability, which can attract investors looking for strong financial performance.
The company recently reported earnings per share (EPS) of $2.65, surpassing analysts' expectations, showcasing its ability to generate profits even in a challenging market environment.
With a dividend yield of 2.2% and a reasonable payout ratio of 40%, QUALCOMM Incorporated offers a steady income stream for investors, making it appealing for those seeking dividends.
The firm has a solid current ratio of 2.37, suggesting it has sufficient assets to cover its liabilities, which is a positive indicator of financial health.

Qualcomm
Bear Case

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

The company experienced a revenue decline of 3.5% compared to the same quarter last year, which may raise concerns about its growth trajectory and market demand.
QUALCOMM Incorporated has a high price-to-earnings (P/E) ratio of 18.51, which could indicate that the stock is overvalued relative to its earnings, potentially deterring value-focused investors.
The price-to-earnings-growth (PEG) ratio of 5.10 suggests that the stock may be expensive when considering its growth rate, which could be a red flag for growth investors.
With a beta of 1.63, the stock is more volatile than the market, which means it could experience larger price swings, posing a risk for conservative investors.
The company’s debt-to-equity ratio of 0.54, while manageable, indicates that it does carry some debt, which could be a concern if interest rates rise or if the company faces financial challenges.

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 $219.76, with a high forecast of $300.00 and a low forecast of $120.00.

38 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qualcomm in the last year. There is currently 1 sell rating, 21 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 31.62% based on their 12-month stock forecasts.

Over the previous 90 days, Qualcomm's stock had 10 upgrades and 8 downgrades by analysts.

Qualcomm has been rated by research analysts at Argus, Bank of America, Barclays, Benchmark, BNP Paribas Exane, Cantor Fitzgerald, Citigroup, Craig Hallum, Daiwa Securities Group, Dbs Bank, Deutsche Bank Aktiengesellschaft, DZ Bank, Evercore, Freedom Capital, Guggenheim, HSBC, JPMorgan Chase & Co., Lake Street Capital, Melius Research, Mizuho, Monness Crespi & Hardt, Morgan Stanley, Oppenheimer, Raymond James Financial, Robert W. Baird, Rosenblatt Securities, Roth Capital, Royal Bank Of Canada, Sanford C. Bernstein, Summit Insights, Susquehanna, TD Cowen, The Goldman Sachs Group, Tigress Financial, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Qualcomm more than other "computer and technology" companies. The consensus rating score for Qualcomm is 2.42 while the average consensus rating score for "computer and technology" companies is 2.29. Learn more on how QCOM compares to other companies.

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This page (NASDAQ:QCOM) was last updated on 7/25/2026 by MarketBeat.com Staff.

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Qualcomm (QCOM) Stock Forecast & Price Target