QUALCOMM (QCOM) Stock Forecast & Price Target

$156.93 -1.89 (-1.19%)

(As of 11/26/2024 ET)

QUALCOMM - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Moderate Buy

Based on 28 Analyst Ratings

Sell
1

Hold
12

Buy
15

Based on 28 Wall Street analysts who have issued ratings for QUALCOMM in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 28 analysts, 1 has given a sell rating, 12 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for QCOM.

Consensus Price Target

$210.15
33.92% Upside

According to the 28 analysts' twelve-month price targets for QUALCOMM, the average price target is $210.15. The highest price target for QCOM is $270.00, while the lowest price target for QCOM is $160.00. The average price target represents a forecasted upside of 33.92% from the current price of $156.93.

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QCOM Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	15 Buy rating(s)	13 Buy rating(s)
Hold	12 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$210.15	$207.92	$210.63	$137.85
Forecasted Upside	33.92% Upside	22.11% Upside	22.56% Upside	7.53% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	S&P 500
Consensus Rating Score	2.54	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	32.32% Upside	526.06% Upside	6.38% 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 to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/20/2024	Susquehanna 2 of 5 stars		Lower Target	Positive ➝ Positive	$230.00 ➝ $210.00	+35.41%
11/20/2024	Cantor Fitzgerald 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$160.00 ➝ $160.00	-2.86%
11/11/2024	Loop Capital 2 of 5 stars	G. Mobley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$180.00	+6.96%
11/7/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$207.00 ➝ $204.00	+18.14%
11/7/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $215.00	+24.01%
11/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$170.00 ➝ $175.00	+1.36%
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11/7/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$185.00 ➝ $190.00	+10.05%
11/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$190.00 ➝ $199.00	+8.93%
11/7/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$240.00 ➝ $240.00	+38.74%
11/5/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$210.00 ➝ $195.00	+17.43%
10/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$200.00 ➝ $185.00	+6.27%
10/8/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Vinh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
9/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/12/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Caso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
8/2/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$210.00	+28.05%
8/1/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$155.00 ➝ $170.00	+4.42%
8/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$185.00 ➝ $200.00	+21.94%
8/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$185.00 ➝ $205.00	+24.23%
8/1/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$240.00 ➝ $250.00	+38.16%
7/30/2024	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Garrigan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
7/23/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $250.00	+28.22%
7/17/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/17/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$200.00	-4.60%
6/21/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Feinseth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$238.00 ➝ $270.00	+27.15%
5/31/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $240.00	+17.19%
5/31/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $245.00	+19.63%
5/7/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Kelleher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$180.00 ➝ $205.00	+12.03%
5/2/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $206.00	+14.24%
3/1/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$150.00 ➝ $165.00	+24.53%
2/3/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$165.00 ➝ $155.00	+14.10%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:15 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 Friday, November 22, 2024. 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 announced a quarterly dividend of $0.85 per share, which translates to an annualized dividend of $3.40 and a yield of 2.20%. This consistent dividend payment can provide a steady income stream for investors.
The stock is currently trading at $155.42, which is significantly lower than its fifty-two week high of $230.63. This may present a buying opportunity for investors looking for potential upside as the stock could rebound towards its previous highs.
Analysts have a consensus rating of "Moderate Buy" for QUALCOMM Incorporated, with a target price of $210.15. This suggests that there is potential for price appreciation, making it an attractive option for growth-oriented investors.
QUALCOMM Incorporated has a relatively low debt-to-equity ratio of 0.51, indicating a strong balance sheet and lower financial risk. This can be appealing to investors who prioritize companies with solid financial health.
Recent upgrades from analysts, including a "strong-buy" rating from TD Cowen, reflect positive sentiment about the company's future performance and growth prospects in the wireless technology sector.

QUALCOMM
Bear Case

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

Insider selling has been notable, with significant shares sold by executives, including a recent sale of 3,245 shares by insider Alexander H. Rogers. This could indicate a lack of confidence in the stock's short-term performance.
The stock has experienced volatility, with a beta of 1.28, suggesting that it is more volatile than the overall market. This could pose risks for investors who are risk-averse or looking for stable investments.
Despite the positive analyst ratings, one research analyst has rated the stock with a sell rating, indicating that there are differing opinions on the stock's future performance, which could create uncertainty for investors.
QUALCOMM Incorporated's price-to-earnings (P/E) ratio of 17.29, while not excessively high, may suggest that the stock is fairly valued, limiting potential upside for investors seeking undervalued opportunities.
The company operates in a highly competitive industry, and any shifts in technology or market dynamics could adversely affect its market position and profitability, posing risks for long-term investors.

QCOM Forecast - Frequently Asked Questions

: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for QUALCOMM is $210.15, with a high forecast of $270.00 and a low forecast of $160.00.
: 28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last twelve months. There is currently 1 sell rating, 12 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" QCOM shares.
: According to analysts, QUALCOMM's stock has a predicted upside of 33.92% based on their 12-month stock forecasts.
: Over the previous 90 days, QUALCOMM's stock had 1 upgrade and 1 downgrade by analysts.
: QUALCOMM has been rated by research analysts at Benchmark, Cantor Fitzgerald, Citigroup, Evercore ISI, JPMorgan Chase & Co., KeyCorp, Loop Capital, Morgan Stanley, Sanford C. Bernstein, Susquehanna, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like QUALCOMM less than other "computer and technology" companies. The consensus rating score for QUALCOMM is 2.54 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how QCOM compares to other companies.

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This page (NASDAQ:QCOM) was last updated on 11/26/2024 by MarketBeat.com Staff

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QUALCOMM (QCOM) Stock Forecast & Price Target