QUALCOMM (QCOM) Stock Forecast, Price Target & Predictions
QCOM Stock Forecast
QUALCOMM stock forecast is as follows: an average price target of $189.70 (represents a 14.84% upside from QCOM’s last price of $165.18) and a rating consensus of 'Buy', based on 25 wall street analysts offering a 1-year stock forecast.
QCOM Price Target
The average price target for QUALCOMM (QCOM) is $189.70 based on 1-year price targets from 25 Wall Street analysts in the past 3 months, with a price target range of $270.00 to $135.00. This represents a potential 14.84% upside from QCOM's last price of $165.18.
QCOM Analyst Ratings
According to 25 Wall Street analysts, QUALCOMM's rating consensus is 'Buy'. The analyst rating breakdown for QCOM stock is 0 'Strong Buy' (0.00%), 16 'Buy' (64.00%), 8 'Hold' (32.00%), 1 'Sell' (4.00%), and 0 'Strong Sell' (0.00%).
QUALCOMM Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Christopher Danely | Citigroup | $185.00 | $174.09 | 6.27% | 12.00% |
| Aug 01, 2024 | Tom O'Malley | Barclays | $200.00 | $180.95 | 10.53% | 21.08% |
| Jul 17, 2024 | Frank Lee | HSBC | $200.00 | $209.64 | -4.60% | 21.08% |
| Jun 21, 2024 | Ivan Feinseth | Tigress Financial | $270.00 | $211.54 | 27.64% | 63.46% |
| May 31, 2024 | Vijay Rakesh | Mizuho Securities | $240.00 | $204.80 | 17.19% | 45.30% |
| May 07, 2024 | Jim Kelleher | Argus Research | $205.00 | $181.85 | 12.73% | 24.11% |
| May 02, 2024 | Angelo Zino | CFRA | $200.00 | $180.10 | 11.05% | 21.08% |
| May 02, 2024 | Kevin Cassidy | Rosenblatt Securities | $200.00 | $177.47 | 12.70% | 21.08% |
| May 02, 2024 | Tristan Gerra | Robert W. Baird | $200.00 | $164.11 | 21.87% | 21.08% |
| May 02, 2024 | Chris Caso | Wolfe Research | $200.00 | $164.11 | 21.87% | 21.08% |
The latest QUALCOMM stock forecast, released on Oct 16, 2024 by Christopher Danely from Citigroup, set a price target of $185.00, which represents a 6.27% increase from the stock price at the time of the forecast ($174.09), and a 12.00% increase from QCOM last price ($165.18).
QUALCOMM Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 21 |
| Avg Price Target | $185.00 | $185.00 | $198.86 |
| Last Closing Price | $165.18 | $165.18 | $165.18 |
| Upside/Downside | 12.00% | 12.00% | 20.39% |
In the current month, the average price target of QUALCOMM stock is $185.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.00% increase as opposed to QUALCOMM's last price of $165.18. This month's average price target is down 0.00% compared to last quarter, and down -6.97% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | Citigroup | Neutral | Neutral | Hold |
| Oct 08, 2024 | Cantor Fitzgerald | Neutral | Neutral | Hold |
| Oct 08, 2024 | Wells Fargo | Buy | Buy | Hold |
| Oct 08, 2024 | KeyBanc | Overweight | Sector Weight | Downgrade |
| Sep 17, 2024 | Wells Fargo | Buy | Buy | Hold |
| Aug 12, 2024 | Wolfe Research | Buy | Peer Perform | Downgrade |
| Aug 01, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 17, 2024 | Susquehanna | Positive | Positive | Hold |
| Jul 17, 2024 | HSBC | Buy | Hold | Downgrade |
| Jul 15, 2024 | Citigroup | Neutral | Neutral | Hold |
QUALCOMM's last stock rating was published by Citigroup on Oct 16, 2024. The company gave QCOM a "Neutral" rating, the same as its previous rate.
QUALCOMM Financial Forecast
QUALCOMM Revenue Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.94B | $8.63B | $8.45B | $9.28B | $9.46B | $11.39B | $10.94B | $11.16B | $10.71B | $9.34B | $8.06B | $7.93B | $8.23B | $8.35B | $4.89B |
| Avg Forecast | $12.60B | $12.40B | $11.40B | $13.40B | $11.15B | $10.97B | $10.81B | $11.67B | $10.92B | $10.24B | $10.22B | $10.61B | $9.90B | $9.21B | $9.35B | $9.51B | $8.51B | $8.51B | $9.09B | $9.60B | $11.36B | $10.86B | $10.63B | $10.44B | $8.84B | $7.53B | $7.62B | $8.26B | $5.90B | $4.81B |
| High Forecast | $12.60B | $12.40B | $11.40B | $13.40B | $11.15B | $10.97B | $10.81B | $11.67B | $10.92B | $10.24B | $10.22B | $10.61B | $9.93B | $9.21B | $9.35B | $9.66B | $8.79B | $8.51B | $9.09B | $9.60B | $11.36B | $10.86B | $10.63B | $10.44B | $8.84B | $7.53B | $7.62B | $8.26B | $5.90B | $4.81B |
| Low Forecast | $12.60B | $12.40B | $11.40B | $13.40B | $11.15B | $10.97B | $10.81B | $11.67B | $10.92B | $10.24B | $10.22B | $10.61B | $9.87B | $9.21B | $9.35B | $9.44B | $8.40B | $8.51B | $9.09B | $9.60B | $11.36B | $10.86B | $10.63B | $10.44B | $8.84B | $7.53B | $7.62B | $8.26B | $5.90B | $4.81B |
| # Analysts | 10 | 14 | 8 | 8 | 10 | 14 | 8 | 7 | 9 | 13 | 7 | 8 | 16 | 14 | 4 | 8 | 21 | 20 | 14 | 9 | 9 | 15 | 9 | 10 | 18 | 12 | 10 | 20 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.01% | 0.99% | 1.02% | 0.99% | 1.00% | 1.01% | 1.05% | 1.03% | 1.06% | 1.07% | 1.04% | 1.00% | 1.41% | 1.02% |
QUALCOMM's average Quarter revenue forecast for Mar 24 based on 4 analysts is $9.35B, with a low forecast of $9.35B, and a high forecast of $9.35B. QCOM's average Quarter revenue forecast represents a -5.86% decrease compared to the company's last Quarter revenue of $9.94B (Dec 23).
QUALCOMM EBITDA Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 14 | 8 | 8 | 10 | 14 | 8 | 7 | 9 | 13 | 7 | 8 | 16 | 14 | 4 | 8 | 21 | 20 | 14 | 9 | 9 | 15 | 9 | 10 | 18 | 12 | 10 | 20 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.93B | $1.87B | $1.82B | $2.56B | $2.86B | $5.20B | $3.78B | $4.27B | $4.41B | $3.85B | $2.80B | $2.66B | $3.11B | $3.81B | $1.37B |
| Avg Forecast | $4.29B | $4.22B | $3.88B | $4.56B | $3.80B | $3.74B | $3.68B | $3.98B | $3.72B | $3.49B | $3.48B | $3.61B | $3.37B | $3.14B | $4.33B | $3.24B | $2.90B | $2.90B | $3.93B | $4.50B | $3.87B | $3.70B | $3.58B | $3.56B | $3.01B | $2.56B | $2.29B | $2.81B | $2.01B | $1.64B |
| High Forecast | $4.29B | $4.22B | $3.88B | $4.56B | $3.80B | $3.74B | $3.68B | $3.98B | $3.72B | $3.49B | $3.48B | $3.61B | $3.38B | $3.14B | $5.19B | $3.29B | $2.99B | $2.90B | $4.72B | $5.40B | $3.87B | $3.70B | $4.29B | $3.56B | $3.01B | $2.56B | $2.75B | $2.81B | $2.01B | $1.64B |
| Low Forecast | $4.29B | $4.22B | $3.88B | $4.56B | $3.80B | $3.74B | $3.68B | $3.98B | $3.72B | $3.49B | $3.48B | $3.61B | $3.36B | $3.14B | $3.46B | $3.21B | $2.86B | $2.90B | $3.15B | $3.60B | $3.87B | $3.70B | $2.86B | $3.56B | $3.01B | $2.56B | $1.83B | $2.81B | $2.01B | $1.64B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.65% | 0.63% | 0.65% | 0.64% | 1.35% | 1.02% | 1.19% | 1.24% | 1.28% | 1.09% | 1.16% | 1.10% | 1.90% | 0.84% |
4 analysts predict QCOM's average Quarter EBITDA for Mar 24 to be $4.33B, with a high of $5.19B and a low of $3.46B. This is 47.81% upper than QUALCOMM's previous annual EBITDA (Dec 23) of $2.93B.
QUALCOMM Net Income Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 14 | 8 | 8 | 10 | 14 | 8 | 7 | 9 | 13 | 7 | 8 | 16 | 14 | 4 | 8 | 21 | 20 | 14 | 9 | 9 | 15 | 9 | 10 | 18 | 12 | 10 | 20 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.77B | $1.49B | $1.80B | $1.70B | $2.23B | $2.87B | $3.73B | $2.93B | $3.40B | $2.80B | $2.03B | $1.76B | $2.46B | $2.96B | $845.00M |
| Avg Forecast | $4.60B | $4.45B | $4.15B | $5.09B | $3.52B | $3.37B | $3.34B | $3.72B | $3.33B | $3.03B | $3.05B | $3.25B | $2.90B | $2.55B | $3.18B | $2.69B | $2.16B | $2.05B | $2.89B | $3.47B | $3.55B | $3.27B | $2.63B | $3.41B | $2.57B | $1.90B | $1.52B | $2.39B | $1.33B | $799.80M |
| High Forecast | $4.60B | $4.45B | $4.15B | $5.09B | $3.52B | $3.37B | $3.34B | $3.72B | $3.33B | $3.03B | $3.05B | $3.25B | $2.95B | $2.55B | $3.82B | $2.83B | $2.28B | $2.05B | $3.47B | $4.16B | $3.55B | $3.27B | $3.16B | $3.41B | $2.57B | $1.90B | $1.82B | $2.39B | $1.33B | $799.80M |
| Low Forecast | $4.60B | $4.45B | $4.15B | $5.09B | $3.52B | $3.37B | $3.34B | $3.72B | $3.33B | $3.03B | $3.05B | $3.25B | $2.88B | $2.55B | $2.55B | $2.64B | $2.09B | $2.05B | $2.32B | $2.77B | $3.55B | $3.27B | $2.11B | $3.41B | $2.57B | $1.90B | $1.22B | $2.39B | $1.33B | $799.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.69% | 0.88% | 0.59% | 0.64% | 0.81% | 1.14% | 1.11% | 1.00% | 1.09% | 1.06% | 1.16% | 1.03% | 2.23% | 1.06% |
QUALCOMM's average Quarter net income forecast for Mar 24 is $3.18B, with a range of $2.55B to $3.82B. QCOM's average Quarter net income forecast represents a 15.08% increase compared to the company's last Quarter net income of $2.77B (Dec 23).
QUALCOMM SG&A Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 14 | 8 | 8 | 10 | 14 | 8 | 7 | 9 | 13 | 7 | 8 | 16 | 14 | 4 | 8 | 21 | 20 | 14 | 9 | 9 | 15 | 9 | 10 | 18 | 12 | 10 | 20 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $627.00M | $628.00M | $618.00M | $614.00M | $623.00M | $683.00M | $655.00M | $624.00M | $608.00M | $618.00M | $597.00M | $557.00M | $567.00M | $551.00M | $511.00M |
| Avg Forecast | $946.80M | $931.78M | $856.63M | $1.01B | $838.09M | $824.67M | $812.11M | $877.24M | $820.26M | $769.69M | $768.24M | $797.45M | $744.29M | $692.40M | $677.20M | $714.68M | $639.42M | $639.30M | $615.64M | $619.92M | $853.67M | $816.30M | $559.67M | $784.55M | $664.62M | $565.80M | $480.29M | $621.03M | $443.25M | $361.46M |
| High Forecast | $946.80M | $931.78M | $856.63M | $1.01B | $838.09M | $824.67M | $812.11M | $877.24M | $820.26M | $769.69M | $768.24M | $797.45M | $746.54M | $692.40M | $812.64M | $725.96M | $660.39M | $639.30M | $738.76M | $743.90M | $853.67M | $816.30M | $671.60M | $784.55M | $664.62M | $565.80M | $576.34M | $621.03M | $443.25M | $361.46M |
| Low Forecast | $946.80M | $931.78M | $856.63M | $1.01B | $838.09M | $824.67M | $812.11M | $877.24M | $820.26M | $769.69M | $768.24M | $797.45M | $742.03M | $692.40M | $541.76M | $709.41M | $630.94M | $639.30M | $492.51M | $495.93M | $853.67M | $816.30M | $447.74M | $784.55M | $664.62M | $565.80M | $384.23M | $621.03M | $443.25M | $361.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.98% | 0.97% | 1.00% | 1.00% | 0.80% | 0.80% | 1.11% | 0.77% | 0.93% | 1.06% | 1.16% | 0.91% | 1.24% | 1.41% |
QUALCOMM's average Quarter SG&A projection for Mar 24 is $677.20M, based on 4 Wall Street analysts, with a range of $541.76M to $812.64M. The forecast indicates a 8.01% rise compared to QCOM last annual SG&A of $627.00M (Dec 23).
QUALCOMM EPS Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 14 | 8 | 8 | 10 | 14 | 8 | 7 | 9 | 13 | 7 | 8 | 16 | 14 | 4 | 8 | 21 | 20 | 14 | 9 | 9 | 15 | 9 | 10 | 18 | 12 | 10 | 20 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.48 | $1.33 | $1.62 | $1.53 | $1.99 | $2.56 | $3.32 | $2.61 | $3.02 | $2.48 | $1.80 | $1.55 | $2.16 | $2.62 | $0.75 |
| Avg Forecast | $4.06 | $3.92 | $3.66 | $4.49 | $3.10 | $2.97 | $2.95 | $3.28 | $2.94 | $2.67 | $2.69 | $2.87 | $2.56 | $2.25 | $2.33 | $2.37 | $1.91 | $1.81 | $2.15 | $2.36 | $3.13 | $2.89 | $2.95 | $3.01 | $2.26 | $1.68 | $1.69 | $2.10 | $1.17 | $0.71 |
| High Forecast | $4.06 | $3.92 | $3.66 | $4.49 | $3.10 | $2.97 | $2.95 | $3.28 | $2.94 | $2.67 | $2.69 | $2.87 | $2.60 | $2.25 | $2.33 | $2.50 | $2.01 | $1.81 | $2.15 | $2.36 | $3.13 | $2.89 | $2.95 | $3.01 | $2.26 | $1.68 | $1.69 | $2.10 | $1.17 | $0.71 |
| Low Forecast | $4.06 | $3.92 | $3.66 | $4.49 | $3.10 | $2.97 | $2.95 | $3.28 | $2.94 | $2.67 | $2.69 | $2.87 | $2.54 | $2.25 | $2.33 | $2.33 | $1.84 | $1.81 | $2.15 | $2.36 | $3.13 | $2.89 | $2.95 | $3.01 | $2.26 | $1.68 | $1.69 | $2.10 | $1.17 | $0.71 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.70% | 0.90% | 0.71% | 0.84% | 0.82% | 1.15% | 0.89% | 1.00% | 1.10% | 1.07% | 0.92% | 1.03% | 2.23% | 1.06% |
According to 4 Wall Street analysts, QUALCOMM's projected average Quarter EPS for Mar 24 is $2.33, with a low estimate of $2.33 and a high estimate of $2.33. This represents a -6.23% decrease compared to QCOM previous annual EPS of $2.48 (Dec 23).
QUALCOMM Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| INTC | Intel | $22.52 | $36.21 | 60.79% | Hold |
| MU | Micron | $101.73 | $136.50 | 34.18% | Buy |
| AMD | Advanced Micro Devices | $140.71 | $176.11 | 25.16% | Buy |
| QCOM | QUALCOMM | $165.18 | $189.70 | 14.84% | Buy |
| MRVL | Marvell | $84.38 | $87.03 | 3.14% | Buy |
| AVGO | Broadcom | $168.55 | $169.81 | 0.75% | Buy |
| TSM | Taiwan Semiconductor Manufacturing Company | $191.56 | $183.75 | -4.08% | Buy |
| NVDA | NVIDIA | $136.05 | $126.97 | -6.67% | Buy |
QCOM Forecast FAQ
Is QUALCOMM a good buy?
Yes, according to 25 Wall Street analysts, QUALCOMM (QCOM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 16 'Buy' recommendations, accounting for 64.00% of QCOM's total ratings.
What is QCOM's price target?
QUALCOMM (QCOM) average price target is $189.7 with a range of $135 to $270, implying a 14.84% from its last price of $165.18. The data is based on 25 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will QUALCOMM stock go up soon?
According to Wall Street analysts' prediction for QCOM stock, the company can go up by 14.84% (from the last price of $165.18 to the average price target of $189.7), up by 63.46% based on the highest stock price target, and down by -18.27% based on the lowest stock price target.
Can QUALCOMM stock reach $200?
QCOM's highest twelve months analyst stock price target of $270 supports the claim that QUALCOMM can reach $200 in the near future.
What is QUALCOMM's current price target trend?
1 Wall Street analyst forecast a $185 price target for QUALCOMM (QCOM) this month, up 12.00% from its last price of $165.18. Compared to the last 3 and 12 months, the average price target increased by 12.00% and increased by 20.39%, respectively.
What are QUALCOMM's analysts' financial forecasts?
QUALCOMM's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $44.61B (high $44.61B, low $44.61B), average EBITDA is $15.19B (high $15.19B, low $15.19B), average net income is $13.94B (high $13.94B, low $13.94B), average SG&A $3.35B (high $3.35B, low $3.35B), and average EPS is $12.3 (high $12.3, low $12.3). QCOM's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $49.8B (high $49.8B, low $49.8B), average EBITDA is $16.96B (high $16.96B, low $16.96B), average net income is $18.29B (high $18.29B, low $18.29B), average SG&A $3.74B (high $3.74B, low $3.74B), and average EPS is $16.13 (high $16.13, low $16.13).
Did the QCOM's actual financial results beat the analysts' financial forecasts?
Based on QUALCOMM's last annual report (Sep 2023), the company's revenue was $35.82B, beating the average analysts forecast of $35.71B by 0.32%. Apple's EBITDA was $7.79B, missing the average prediction of $14.23B by -45.25%. The company's net income was $7.23B, missing the average estimation of $10.57B by -31.58%. Apple's SG&A was $2.48B, missing the average forecast of $2.51B by -1.24%. Lastly, the company's EPS was $6.47, missing the average prediction of $8.21 by -21.23%. In terms of the last quarterly report (Dec 2023), QUALCOMM's revenue was $9.94B, beating the average analysts' forecast of $9.51B by 4.46%. The company's EBITDA was $2.93B, missing the average prediction of $3.24B by -9.60%. QUALCOMM's net income was $2.77B, beating the average estimation of $2.69B by 2.96%. The company's SG&A was $627M, missing the average forecast of $714.68M by -12.27%. Lastly, the company's EPS was $2.48, beating the average prediction of $2.37 by 4.65%