Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of February 28, 2026, QUALCOMM Incorporated (QCOM) has a Wall Street consensus price target of $161.50, based on estimates from 67 covering analysts. With the stock currently trading at $142.36, this represents a potential upside of +13.4%. The company has a market capitalization of $152.89B.
Analyst price targets range from a low of $132.00 to a high of $200.00, representing a 42% spread in expectations. The median target of $160.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 35 analysts rating the stock as a Buy or Strong Buy,30 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, QCOM trades at a trailing P/E of 28.4x and forward P/E of 12.7x. The forward PEG ratio of 6.13 reflects a premium valuation. Analysts expect EPS to grow +124.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $267.87, with bear and bull scenarios of $41.10 and $494.99 respectively. Model confidence stands at 58/100, reflecting moderate uncertainty in projections.
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Start ComparisonQUALCOMM Incorporated (QCOM) has a consensus 12-month price target of $161.5, implying 13.4% upside from $142.36. The 67 analysts covering QCOM see moderate appreciation potential.
QCOM has a consensus rating of "Buy" based on 67 Wall Street analysts. The rating breakdown is predominantly bullish, with 35 Buy/Strong Buy ratings. The consensus 12-month price target of $161.5 implies 13.4% upside from current levels.
With a forward P/E of 12.7391x, QCOM trades at a relatively low valuation. The consensus target of $161.5 implies 13.4% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $200 for QCOM, while the most conservative target is $132. The consensus of $161.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $495 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
QCOM is heavily covered by Wall Street, with 67 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 34 have Buy ratings, 30 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month QCOM stock forecast based on 67 Wall Street analysts shows a consensus price target of $161.5, with estimates ranging from $132 (bear case) to $200 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $268, with bear/bull scenarios of $41/$495.
Our quantitative valuation model calculates QCOM's fair value at $268 (base case), with a bear case of $41 and bull case of $495. 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 58/100.
QCOM trades at a forward P/E ratio of 12.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 28.4x. 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.
Wall Street analysts are optimistic on QCOM, with a "Buy" consensus rating and $161.5 price target (13.4% upside). 35 of 67 analysts rate it Buy or Strong Buy. 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.
QCOM analyst price targets range from $132 to $200, a 42% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $161.5 consensus represents the middle ground. Our model's $41-$495 range provides an independent fundamental perspective.