Qualcomm (QCOM) Stock Forecast & Price Target

$238.16 +24.75 (+11.60%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$237.26 -0.90 (-0.38%)

As of 05/22/2026 08:00 PM Eastern

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

Consensus Rating

Hold

Based on 34 Analyst Ratings

Sell
4

Hold
16

Buy
14

Based on 34 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 34 analysts, 4 have given a sell rating, 16 have given a hold rating, and 14 have given a buy rating for QCOM.

Consensus Price Target

$181.79
-23.67% Downside

According to the 34 analysts' twelve-month price targets for Qualcomm, the average price target is $181.79. 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 downside of -23.67% from the current price of $238.16.

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 5/23/25 to 5/23/26	1 Month Ago 4/23/25 to 4/23/26	3 Months Ago 2/22/25 to 2/22/26	1 Year Ago 5/23/24 to 5/23/25
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	9 Buy rating(s)	10 Buy rating(s)	13 Buy rating(s)
Hold	16 Hold rating(s)	13 Hold rating(s)	10 Hold rating(s)	12 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$181.79	$158.25	$164.67	$192.58
Forecasted Upside	-23.67% Downside	18.14% Upside	15.25% Upside	32.47% 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	2.29	2.29	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-23.67% Downside	156.58% Upside	15.09% 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
5/18/2026	Melius Research 4 of 5 stars		Set Target		$220.00	+7.95%
5/13/2026	Freedom Capital Not Rated		Downgrade	Strong-Buy ➝ Hold
5/8/2026	Oppenheimer 3 of 5 stars		Downgrade	Market Perform
5/8/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Underweight ➝ Overweight
5/8/2026	Roth Mkm Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy
5/8/2026	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	Downgrade	Positive ➝ Underweight
5/8/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Hold ➝ Buy
5/8/2026	Craig Hallum Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy
5/8/2026	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	Downgrade	Neutral ➝ Underperform
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%
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5/8/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold	$195.00	-3.82%
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	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	$150.00 ➝ $175.00	+0.40%
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	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	Boost Target	Neutral	$135.00 ➝ $150.00	-3.85%
4/30/2026	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	Boost Target	Buy	$150.00 ➝ $200.00	+28.21%
4/30/2026	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	Boost Target	Neutral	$140.00 ➝ $160.00	+2.56%
4/30/2026	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	$140.00 ➝ $160.00	+2.56%
4/30/2026	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	Boost Target	Underweight	$130.00 ➝ $150.00	-3.85%
4/30/2026	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	$140.00 ➝ $160.00	-10.90%
4/30/2026	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	$200.00 ➝ $225.00	+25.18%
4/30/2026	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	Reiterated Rating	Buy	$190.00	+13.70%
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
3/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Neutral	$135.00	+6.21%
3/27/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C)
3/26/2026	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	Outperform ➝ Market Perform	$175.00 ➝ $140.00	+7.40%
3/10/2026	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	Initiated Coverage	Underperform	$145.00	+8.37%
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%
2/5/2026	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	Lower Target	Neutral	$160.00 ➝ $140.00	-5.97%
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 Sunday at 12:11 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 Tuesday, May 19, 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 company has recently increased its quarterly dividend to $0.92 per share, reflecting a commitment to returning value to shareholders. This increase indicates a strong cash flow and profitability, which can be attractive for income-focused investors.
QUALCOMM Incorporated has announced a significant stock repurchase program, allowing for the repurchase of up to $20 billion in shares. Such programs often signal that management believes the stock is undervalued, potentially leading to an increase in share price as the supply of shares decreases.
Institutional investors hold a substantial 74.35% of QUALCOMM's stock, indicating strong confidence from large financial entities. This level of institutional ownership can provide stability and support for the stock price.
The current stock price is around $211, which may present a buying opportunity for investors looking to enter at a favorable valuation, especially given the company's strong market position in wireless technology.
QUALCOMM's guidance for Q3 2026 is set at earnings per share between 2.100 and 2.300, suggesting potential growth in profitability, which can be appealing for growth-oriented investors.

Qualcomm
Bear Case

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

The company's revenue for the latest quarter was down 3.5% compared to the same quarter last year, which may raise concerns about its growth trajectory and market demand for its products.
Insider selling has been notable, with executives selling a total of 18,477 shares worth over $3 million in the last three months. This could be interpreted as a lack of confidence in the stock's future performance.
QUALCOMM's insider ownership is relatively low at 0.05%, which may suggest a lack of alignment between management and shareholders, potentially leading to decisions that do not prioritize shareholder value.
With the competitive landscape in the semiconductor and telecommunications sectors becoming increasingly intense, QUALCOMM may face challenges in maintaining its market share and profitability.
The company's reliance on patent licensing for a significant portion of its revenue could pose risks, especially if legal disputes arise or if competitors develop alternative technologies that reduce demand for its patents.

QCOM Forecast - Frequently Asked Questions

According to the research reports of 34 Wall Street equities research analysts, the average twelve-month stock price forecast for Qualcomm is $181.79, with a high forecast of $300.00 and a low forecast of $120.00.

34 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Qualcomm in the last twelve months. There are currently 4 sell ratings, 16 hold ratings and 14 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 downside of -23.67% based on their 12-month stock forecasts.

Over the previous 90 days, Qualcomm's stock had 8 downgrades and 7 upgrades 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, Deutsche Bank Aktiengesellschaft, DZ Bank, Evercore, Freedom Capital, HSBC, JPMorgan Chase & Co., Loop Capital, Melius Research, Morgan Stanley, Oppenheimer, Robert W. Baird, Rosenblatt Securities, Roth Mkm, 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 2.29 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 5/23/2026 by MarketBeat.com Staff.

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Qualcomm (QCOM) Stock Forecast & Price Target