Key Highlights

● QCOM shares ended 9 October 2026 at $175.50.

● Market data consensus target is $204.10, implying about 16.3 per cent upside.

● Targets range from $120.00 to $400.00.

● Rakers) lowered its target from $265 to $170, Cantor Fitzgerald (C.J.

On Friday 9 October 2026, Qualcomm (NASDAQ:QCOM), a constituent of both the S&P 500 and the Nasdaq-100, closed at $175.50. Analyst targets sit well above that level, with the consensus implying upside of about 16.3 per cent, and ratings lean neutral. Recent broker revisions have mostly been downward.

What Is the Latest Analyst Price Target?

Market data shows a consensus price target of $204.10 from 38 ratings in the last 12 months, with a high of $400.00 and a low of $120.00. Against the $175.50 close, the consensus target suggests upside of about 16.3 per cent.

The second data set, citing third-party data from 37 analysts, shows a lower mean of $194.13, a median of $175.00, a high of $400.00 and a low of $100.00. The median is essentially level with the share price, and the mean on both data sets is lifted by a small number of very high targets, notably Baird's $400.

What Are Wall Street Analysts Saying?

Market data records 3 Sell, 21 Hold, 12 Buy and 2 Strong Buy ratings, with a consensus rating of "Hold". The second data set also shows a "Hold" consensus.

Late July saw many targets cut. Wells Fargo (A. Rakers) lowered its target from $265 to $170, Cantor Fitzgerald (C.J. Muse) from $200 to $165, TD Cowen (J. Buchalter) from $225 to $175, UBS (T. Arcuri) from $190 to $170 and Citigroup (A. Malik) from $198 to $175. Benchmark (C. Acree) cut from $300 to $270, while Baird (T. Gerra) set a $400 target.

More recently, on 9 September Piper Sandler (D. O'Connor) initiated at Neutral with a $190 target, RBC (S. Pajjuri) raised its target from $160 to $180, and Rosenblatt (S. Dogra) reiterated Buy with a $235 target. Barclays (T. O'Malley) reiterated Underweight.

What Could Help the Stock Reach the Price Target?

The target is above the price, and several brokers sit well above it, including Baird at $400, Benchmark at $270 and Rosenblatt at $235. Market data's automated summaries mention automotive revenue growth of 61.4 per cent year on year and the addition of Amazon and ByteDance as custom AI chip customers. If borne out, diversification beyond handsets could support sentiment.

What Could Prevent the Stock Reaching the Target?

The same summaries describe the latest reported quarter as showing revenue down 4 per cent year on year with earnings per share below estimates, and refer to handset weakness. The cut in targets across at least eight brokers in July supports a cautious reading.

Twenty-one of 38 ratings are Hold and three are Sell, with Barclays at Underweight. The spread between $120 and $400 shows how little agreement there is. A regulatory review of a patent licensing arrangement, also mentioned in the automated text and not verified, is a further uncertainty.

Qualcomm and the Gap to Analyst Targets

Qualcomm closed at $175.50 on 9 October 2026, against a market data consensus target of $204.10. Rakers) lowered its target from $265 to $170, Cantor Fitzgerald (C.J.