Qualcomm (QCOM) Stock Forecast & Price Target

$168.57 -1.39 (-0.82%)

As of 04:00 PM Eastern

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

Consensus Rating

Hold

Based on 37 Analyst Ratings

Sell
2

Hold
20

Buy
15

Based on 37 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 37 analysts, 2 have given a sell rating, 20 have given a hold rating, 13 have given a buy rating, and 2 have given a strong buy rating for QCOM.

Consensus Price Target

$203.76
20.87% Upside

According to the 37 analysts' twelve-month price targets for Qualcomm, the average price target is $203.76. 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 20.87% from the current price of $168.57.

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 9/3/25 to 9/3/26	1 Month Ago 8/4/25 to 8/4/26	3 Months Ago 6/5/25 to 6/5/26	1 Year Ago 9/3/24 to 9/3/25
Strong Buy	2 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)	14 Buy rating(s)	12 Buy rating(s)
Hold	20 Hold rating(s)	21 Hold rating(s)	16 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	4 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$203.76	$203.63	$185.54	$182.10
Forecasted Upside	20.87% Upside	25.18% Upside	-14.08% Downside	15.78% 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	2.41	2.23	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	20.49% Upside	373.10% Upside	13.76% 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

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/7/2026	Freedom Capital Not Rated		Upgrade	Hold ➝ Strong-Buy
7/30/2026	Evercore 3 of 5 stars	Mark Lipacis 5 of 5 stars	Set Target		$159.00	+5.24%
7/30/2026	Royal Bank Of Canada 3 of 5 stars	Srini Pajjuri Not Rated	Lower Target	Sector Perform	$250.00 ➝ $160.00	+6.74%
7/30/2026	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	Set Target		$165.00	+10.08%
7/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$160.00	+6.74%
7/30/2026	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	Reiterated Rating	Underweight	$180.00	+15.62%
7/30/2026	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	Lower Target	Equal Weight	$265.00 ➝ $170.00	+9.20%
7/30/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tristan Gerra Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$400.00	+156.94%
7/30/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timothy Arcuri Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$190.00 ➝ $170.00	+12.50%
7/30/2026	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	Lower Target	Neutral	$190.00 ➝ $160.00	+6.01%
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7/30/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joshua Buchalter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$225.00 ➝ $175.00	+14.35%
7/30/2026	Rosenblatt Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sajal Dogra Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$265.00 ➝ $235.00	+50.95%
7/30/2026	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	Lower Target	Equal Weight	$231.00 ➝ $220.00	+41.32%
7/29/2026	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	Lower Target	Neutral	$198.00 ➝ $175.00	+6.79%
7/27/2026	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	Lower Target	Buy	$300.00 ➝ $270.00	+60.04%
7/27/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$200.00	+18.55%
7/27/2026	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	Lower Target	Neutral	$200.00 ➝ $165.00	-2.52%
7/15/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
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	Lake Street Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold
6/25/2026	Craig Hallum Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
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%
5/8/2026	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%
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	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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:12 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 Wednesday, September 2, 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 is currently trading at $169.96, which is significantly below the consensus price target of $203.76, suggesting potential upside for investors who believe the market is undervaluing the company's long-term growth prospects.
The company recently unveiled Adreno Neural Fusion, a new graphics technology that uses AI for image upscaling and improved gaming performance, which is expected to support upcoming Snapdragon flagship processors and help differentiate QUALCOMM Incorporated's premium mobile platforms.
QUALCOMM Incorporated has expanded its AI PC opportunity through a partnership with Saudi AI company HUMAIN, which is using the Snapdragon X2 Elite platform in its Horizon Ultra PC, providing another design win for the company's effort to build an AI-enabled PC business and reduce dependence on smartphone chips.
Investors can benefit from a stable income stream as QUALCOMM Incorporated pays a quarterly dividend of $0.92 per share, which implies an annualized dividend yield of roughly 2.2% at recent trading levels, providing a modest but consistent return on investment.
The company's management is reshuffling its device business by appointing former Motorola Devices president Sergio Buniac to lead Mobile, Compute and Personal AI, a move that could improve execution across smartphones, PCs, wearables, and emerging AI devices.

Qualcomm
Bear Case

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

QUALCOMM Incorporated faces intensifying competition in AI chips for PCs, cars, and other markets, particularly after Nvidia's $3.5 billion investment and technology partnership with rival MediaTek, which could erode QUALCOMM Incorporated's market share and pricing power.
The company's recent revenue declined by 4.0% year over year, and analysts continue to cite reduced iPhone modem share and a gradual smartphone slowdown as key overhangs that could limit future growth and profitability.
Higher bond yields have pressured semiconductor valuations, as a global bond selloff caused long-term yields to rise, weighing on higher-multiple technology and semiconductor stocks, including QUALCOMM Incorporated, which could lead to further stock price declines.
Insiders have been selling shares, with EVP Akash J. Palkhiwala selling 2,500 shares at an average price of $163.26 and CAO Patricia Y. Grech selling 208 shares at an average price of $170.00, which could signal a lack of confidence in the company's near-term prospects.
QUALCOMM Incorporated faces uncertainty around Apple modem revenue and higher costs, which could impact its profitability and ability to invest in new technologies, particularly as it seeks to diversify its revenue streams beyond smartphones.

QCOM Forecast - Frequently Asked Questions

According to the research reports of 37 Wall Street equities research analysts, the average twelve-month stock price forecast for Qualcomm is $203.76, with a high forecast of $400.00 and a low forecast of $120.00.

37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qualcomm in the last twelve months. There are currently 2 sell ratings, 20 hold ratings, 13 buy ratings and 2 strong buy ratings 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 20.87% based on their 12-month stock forecasts.

Over the previous 90 days, Qualcomm's stock had 6 upgrades and 2 downgrades by analysts.

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

Analysts like Qualcomm more than other "technology" companies. The consensus rating score for Qualcomm is 2.41 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 8/7/2026.

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Qualcomm (QCOM) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

QCOM Analyst Ratings Over Time

QCOM Analyst Recommendations By Month

QCOM Price Targets by Month

Qualcomm Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Qualcomm Stock? QCOM Pros and Cons Explained

Qualcomm
Bull Case

Qualcomm
Bear Case

QCOM Forecast - Frequently Asked Questions

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Today's Analyst Ratings

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Qualcomm (QCOM) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

QCOM Analyst Ratings Over Time

QCOM Analyst Recommendations By Month

QCOM Price Targets by Month

Qualcomm Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Qualcomm Stock? QCOM Pros and Cons Explained

Qualcomm Bull Case

Qualcomm Bear Case

QCOM Forecast - Frequently Asked Questions

What is Qualcomm's forecast for 2026?

Should I buy or sell Qualcomm stock right now?

Does Qualcomm's stock price have much upside?

Has Qualcomm been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Qualcomm?

Do Wall Street analysts like Qualcomm more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

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Brokerages With Qualcomm Recommendations

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Stock Ideas and Recommendations

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Qualcomm
Bull Case

Qualcomm
Bear Case