QUALCOMM (QCOM) Stock Forecast & Price Target

$165.82

-4.23 (-2.49%)

(As of 01:08 PM 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 26 Analyst Ratings

Sell
1

Hold
10

Buy
15

Based on 26 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 26 analysts, 1 has given a sell rating, 10 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for QCOM.

Consensus Price Target

$211.67
27.68% Upside

According to the 26 analysts' twelve-month price targets for QUALCOMM, the average price target is $211.67. The highest price target for QCOM is $270.00, while the lowest price target for QCOM is $170.00. The average price target represents a forecasted upside of 27.68% from the current price of $165.82.

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QCOM Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	15 Buy rating(s)	17 Buy rating(s)	14 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	6 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	$211.67	$210.63	$192.13	$141.96
Forecasted Upside	27.68% Upside	20.15% Upside	-5.73% Downside	27.77% 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	2.58	2.65	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	24.47% Upside	1,695.68% Upside	6.15% 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
9/17/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$230.00 ➝ $210.00	+24.77%
9/16/2024	TD Cowen 4 of 5 stars	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/12/2024	Wolfe Research 3 of 5 stars	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%
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.
8/1/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$215.00 ➝ $215.00	+31.09%
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	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$140.00 ➝ $170.00	-1.31%
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	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$205.00 ➝ $250.00	+26.99%
7/17/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$200.00	-4.60%
7/15/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$170.00 ➝ $200.00	-3.72%
7/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$205.00 ➝ $225.00	+8.23%
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%
5/3/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$200.00	+11.98%
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%
5/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$165.00 ➝ $175.00	-1.36%
5/2/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$158.00 ➝ $172.00	+4.81%
4/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	In-Line	$177.00	+4.22%
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%
11/4/2022	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$165.00	+54.65%
11/3/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$185.00 ➝ $165.00	+46.67%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:30 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 Monday, September 30, 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's dividend yield of 2.00% provides a steady income stream for investors, with a dividend payout ratio of 45.70% indicating a sustainable dividend policy.
Analysts have given QUALCOMM an average rating of "Moderate Buy" with a consensus price target of $211.67, suggesting potential for stock price appreciation.
Recent analyst reports have upgraded QUALCOMM to a "strong-buy" rating, indicating positive sentiment and potential future growth.
QUALCOMM's involvement in developing foundational technologies for the wireless industry positions it well in a sector with high growth potential.
The company's diversified business segments, including Qualcomm CDMA Technologies and Qualcomm Technology Licensing, provide stability and growth opportunities.

QUALCOMM
Bear Case

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

QUALCOMM's stock price may be volatile, influenced by factors such as market conditions, regulatory changes, and competition in the industry.
There is a risk associated with technological advancements that could impact QUALCOMM's competitive position in the wireless industry.
Analysts have issued a few hold ratings on QUALCOMM, indicating some uncertainty or mixed opinions about the company's future performance.
The company's dividend yield of 2.00% may not be attractive to investors seeking higher income opportunities.
QUALCOMM's business operations are subject to global economic conditions and geopolitical risks that could affect its financial performance.

QCOM Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for QUALCOMM is $211.67, with a high forecast of $270.00 and a low forecast of $170.00.
: 26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for QUALCOMM in the last year. There is currently 1 sell rating, 10 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" QCOM shares.
: According to analysts, QUALCOMM's stock has a predicted upside of 27.65% based on their 12-month stock forecasts.
: Over the previous 90 days, QUALCOMM's stock had 3 downgrades and 2 upgrades by analysts.
: QUALCOMM has been rated by research analysts at Barclays, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, DZ Bank, Hsbc Global Res, HSBC, JPMorgan Chase & Co., KeyCorp, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Susquehanna, TD Cowen, Wells Fargo & Company, Westpark Capital, and Wolfe Research in the past 90 days.
: Analysts like QUALCOMM less than other "computer and technology" companies. The consensus rating score for QUALCOMM is 2.58 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how QCOM compares to other companies.