QUALCOMM (QCOM) Stock Forecast & Price Target

$175.30

+5.81 (+3.43%)

(As of 08/30/2024 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 26 Analyst Ratings

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, and 15 have given a buy rating for QCOM.

Consensus Price Target

$210.63
20.15% Upside

High Forecast	$270.00
Average Forecast	$210.63
Low Forecast	$170.00

According to the 26 analysts' twelve-month price targets for QUALCOMM, the average price target is $210.63. 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 20.15% from the current price of $175.30.

Type	Current Forecast 9/2/23 to 9/1/24	1 Month Ago 8/3/23 to 8/2/24	3 Months Ago 6/4/23 to 6/3/24	1 Year Ago 9/2/22 to 9/2/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	16 Buy rating(s)	16 Buy rating(s)	14 Buy rating(s)
Hold	10 Hold rating(s)	9 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	$210.63	$210.63	$185.91	$143.26
Forecasted Upside	20.15% Upside	14.52% Upside	8.89% Upside	16.30% Upside

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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	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.15% Upside	179.03% Upside	7.49% Upside
News Sentiment Rating	Positive 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
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 4 of 5 stars		Upgrade	Hold ➝ Buy	$210.00	+28.05%
8/1/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		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	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%
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	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%
6/4/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$200.00 ➝ $235.00	+14.13%
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	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$170.00 ➝ $185.00	+3.49%
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 Monday at 12:54 AM ET.

QCOM Forecast - Frequently Asked Questions

What is QUALCOMM's forecast for 2024?: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for QUALCOMM is $210.63, with a high forecast of $270.00 and a low forecast of $170.00.
Should I buy or sell QUALCOMM stock right now?: 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 and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" QCOM shares.
Does QUALCOMM's stock price have much upside?: According to analysts, QUALCOMM's stock has a predicted upside of 14.26% based on their 12-month stock forecasts.
Has QUALCOMM been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, QUALCOMM's stock had 3 downgrades and 1 upgrade by analysts.
What analysts cover QUALCOMM?: QUALCOMM has been rated by research analysts at Barclays, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, DZ Bank, Hsbc Global Res, HSBC, KeyCorp, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Susquehanna, TD Cowen, Tigress Financial, Wells Fargo & Company, Westpark Capital, and Wolfe Research in the past 90 days.
Do Wall Street analysts like QUALCOMM more than its competitors?: 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 2.64. Learn more on how QCOM compares to other companies.