Qualcomm (QCOM) Stock Forecast & Price Target

Q: What analysts cover Qualcomm?

Qualcomm has been rated by research analysts at Barclays , Benchmark , Cantor Fitzgerald , Citigroup , Dbs Bank , Evercore , Freedom Capital , HSBC , 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.

$184.87 +2.78 (+1.53%)

Closing price 10/2/2026 04:00 PM Eastern

Extended Trading

$185.10 +0.23 (+0.12%)

As of 10/2/2026 07:59 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
10.40% 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 10.40% from the current price of $184.87.

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 10/4/25 to 10/4/26	1 Month Ago 9/4/25 to 9/4/26	3 Months Ago 7/6/25 to 7/6/26	1 Year Ago 10/4/24 to 10/4/25
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)	13 Buy rating(s)	15 Buy rating(s)	12 Buy rating(s)
Hold	21 Hold rating(s)	20 Hold rating(s)	20 Hold rating(s)	9 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$204.10	$203.76	$220.45	$182.10
Forecasted Upside	10.40% Upside	20.75% Upside	18.22% Upside	7.64% 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	10.40% Upside	556.24% Upside	21.53% Upside
News Sentiment Rating	Neutral News See Recent QCOM News	Neutral News	Neutral 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
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 for the firm's recommendation accuracy rating		Reiterated Rating	Sector Weight
9/9/2026	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	$160.00 ➝ $180.00	+3.39%
9/9/2026	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	Reiterated Rating	Market Perform
9/9/2026	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
9/9/2026	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	Reiterated Rating	Buy	$235.00	+34.99%
8/7/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
7/30/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Lipacis Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$159.00	+5.24%
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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	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%
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	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
6/23/2026	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%
5/1/2026	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
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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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:51 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 Thursday, October 1, 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 has secured a renewed global patent-license agreement with Apple effective April 2027, which reinforces the value of its intellectual property portfolio and provides significant visibility for its high-margin licensing business, helping to offset the decline in Apple chip sales.
The company is actively diversifying its revenue streams by expanding into automotive, data-center, and AI-related products, with higher 2027 sales estimates suggesting that investors see meaningful upside potential if these new business segments scale successfully.
QUALCOMM Incorporated offers a dividend yield of 2.00%, with a recent quarterly payment of $0.92 per share, providing a steady income stream for investors while maintaining a payout ratio of 42.59% that leaves room for future growth.
The stock is currently trading at $182.09, which is below its 52-week high of $259.92, presenting a potential entry point for investors who believe in the company's long-term growth trajectory despite recent volatility.
QUALCOMM Incorporated has demonstrated strong financial performance with a net margin of 21.01% and a return on equity of 38.36% in its most recent quarter, indicating efficient use of capital and robust profitability.

Qualcomm
Bear Case

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

Recent insider selling has added pressure to the stock, with CEO Cristiano Amon selling 10,000 shares at an average price of $200.00 in September 2026, which may signal a lack of confidence in the company's near-term outlook.
Analyst sentiment has turned cautious, with a consensus rating of "Hold" and an average price target of $204.10, reflecting skepticism about the company's ability to overcome the loss of Apple chip business and competition in emerging markets.
QUALCOMM Incorporated's revenue has declined by 4.0% year-over-year in its most recent quarter, indicating challenges in maintaining growth in its core smartphone business despite efforts to diversify.
The company's beta of 1.68 suggests higher volatility compared to the broader market, which could lead to larger price swings and increased risk for investors during periods of market uncertainty.
There are concerns about the company's AI strategy and its ability to execute effectively, as highlighted by recent downgrades and commentary questioning whether it can overcome competitive pressures in emerging markets.

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 10.40% based on their 12-month stock forecasts.

Over the previous 90 days, Qualcomm's stock had 3 upgrades and 1 downgrade by analysts.

Qualcomm has been rated by research analysts at Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Dbs Bank, Evercore, Freedom Capital, HSBC, 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