QUALCOMM Incorporated (QCOM) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$186.56
Price Target
$175.00
Target Range
$120.00 — $300.00
Analyst Rating
Hold
Forward P/E17.4x
Trailing P/E37.2x
Forward PEG8.34
Implied Growth+16.2%
Median Target$160.00
Analyst Spread102.9%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$120
-35.7%
Consensus
$175
-6.2%
Bull Case
$300
+60.8%
Valuation Model TargetsConfidence: 61/100
Bear$54
Base$402
Bull$671
QCOM Price Target Analysis
Updated May 6, 2026As of May 6, 2026, QUALCOMM Incorporated (QCOM) has a Wall Street consensus price target of $175.00, based on estimates from 69 covering analysts. With the stock currently trading at $186.56, this represents a potential downside of -6.2%. The company has a market capitalization of $196.63B.
Analyst price targets range from a low of $120.00 to a high of $300.00, representing a 103% spread in expectations. The median target of $160.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Hold, with 31 analysts rating the stock as a Buy or Strong Buy,34 rating it Hold, and 4 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, QCOM trades at a trailing P/E of 37.2x and forward P/E of 17.4x. The forward PEG ratio of 8.34 reflects a premium valuation. Analysts expect EPS to grow +16.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $402.32, with bear and bull scenarios of $54.26 and $671.23 respectively. Model confidence stands at 61/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside-7.3%
Avg Forward P/E42.7x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AVGOBroadcom Inc. | $2.0T | $427.45 | $443.72 | +3.8% | Buy | 37.8x | 58 |
 MRVLMarvell Technology, Inc. | $146.1B | $168.75 | $129.52 | -23.2% | Buy | 44.0x | 72 |
 SWKSSkyworks Solutions, Inc. | $10.9B | $72.65 | $62.75 | -13.6% | Buy | 15.4x | 59 |
 QRVOQorvo, Inc. | $8.9B | $96.35 | $85.29 | -11.5% | Hold | 14.8x | 42 |
 MCHPMicrochip Technology Incorporated | $53.3B | $98.48 | $87.00 | -11.7% | Buy | 62.8x | 46 |
 INTCIntel Corporation | $543.2B | $108.18 | $77.18 | -28.7% | Hold | 103.7x | 84 |
 AMDAdvanced Micro Devices, Inc. | $579.2B | $355.26 | $310.86 | -12.5% | Buy | 51.9x | 70 |
 NVDANVIDIA Corporation | $4.8T | $196.50 | $278.83 | +41.9% | Buy | 23.7x | 79 |
 TXNTexas Instruments Incorporated | $255.7B | $280.87 | $253.71 | -9.7% | Buy | 37.2x | 65 |
 ADIAnalog Devices, Inc. | $197.6B | $404.77 | $374.42 | -7.5% | Buy | 35.4x | 54 |
Upside Potential Comparison
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Start ComparisonQCOM — Frequently Asked Questions
Quick answers to the most common questions about buying QCOM stock.
What is the QCOM stock price target for 2026?
Wall Street's consensus price target for QCOM is $175, -6.2% from its current price of $186.56. The below-market target from 69 analysts suggests limited near-term appreciation.
Is QCOM a buy, sell, or hold?
QCOM has a consensus rating of "Hold" based on 69 Wall Street analysts. The rating breakdown is mixed, with 34 Hold ratings making up the largest segment. The consensus 12-month price target of $175 implies -6.2% downside from current levels.
Is QCOM stock overvalued or undervalued?
With a forward P/E of 17.3517x, QCOM trades at a relatively low valuation. The consensus target of $175 implies -6.2% move, suggesting the market may be pricing in risks.
How high can QCOM stock go?
The most bullish Wall Street analyst has a price target of $300 for QCOM, while the most conservative target is $120. The consensus of $175 represents the median expectation. Our quantitative valuation model projects a bull case target of $671 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover QCOM stock?
QCOM is heavily covered by Wall Street, with 69 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 30 have Buy ratings, 34 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the QCOM stock forecast?
The 12-month QCOM stock forecast based on 69 Wall Street analysts shows a consensus price target of $175, with estimates ranging from $120 (bear case) to $300 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $402, with bear/bull scenarios of $54/$671.
What is QCOM's fair value based on fundamentals?
Our quantitative valuation model calculates QCOM's fair value at $402 (base case), with a bear case of $54 and bull case of $671. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 61/100.
What is QCOM's forward P/E ratio?
QCOM trades at a forward P/E ratio of 17.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 37.2x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy QCOM stock?
Analysts are cautious on QCOM, with 4 Sell ratings and a price target of $175 (-6.2% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do QCOM price targets vary so much?
QCOM analyst price targets range from $120 to $300, a 103% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $175 consensus represents the middle ground. Our model's $54-$671 range provides an independent fundamental perspective.