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QUALCOMM (QCOM) Stock Forecast, Price Target & Predictions

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QCOM Stock Forecast

QUALCOMM stock forecast is as follows: an average price target of $192.48 (represents a 24.77% upside from QCOM’s last price of $154.27) and a rating consensus of 'Buy', based on 26 wall street analysts offering a 1-year stock forecast.

QCOM Price Target

The average price target for QUALCOMM (QCOM) is $192.48 based on 1-year price targets from 26 Wall Street analysts in the past 3 months, with a price target range of $270.00 to $150.00. This represents a potential 24.77% upside from QCOM's last price of $154.27.

QCOM Analyst Ratings

Buy

According to 26 Wall Street analysts, QUALCOMM's rating consensus is 'Buy'. The analyst rating breakdown for QCOM stock is 0 'Strong Buy' (0.00%), 15 'Buy' (57.69%), 9 'Hold' (34.62%), 2 'Sell' (7.69%), and 0 'Strong Sell' (0.00%).

QUALCOMM Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024Gary MobleyLoop Capital Markets$180.00$168.296.96%16.68%
Nov 07, 2024Aaron RakersWells Fargo$175.00$164.846.16%13.44%
Oct 16, 2024Christopher DanelyCitigroup$185.00$174.096.27%19.92%
Aug 01, 2024Tom O'MalleyBarclays$200.00$180.9510.53%29.64%
Jul 17, 2024Frank LeeHSBC$200.00$209.64-4.60%29.64%
Jun 21, 2024Ivan FeinsethTigress Financial$270.00$211.5427.64%75.02%
May 31, 2024Vijay RakeshMizuho Securities$240.00$204.8017.19%55.57%
May 07, 2024Jim KelleherArgus Research$205.00$181.8512.73%32.88%
May 02, 2024Angelo ZinoCFRA$200.00$180.1011.05%29.64%
May 02, 2024Kevin CassidyRosenblatt Securities$200.00$177.4712.70%29.64%
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The latest QUALCOMM stock forecast, released on Nov 11, 2024 by Gary Mobley from Loop Capital Markets, set a price target of $180.00, which represents a 6.96% increase from the stock price at the time of the forecast ($168.29), and a 16.68% increase from QCOM last price ($154.27).

QUALCOMM Price Target by Period

1M3M12M
# Anlaysts2323
Avg Price Target$177.50$180.00$197.00
Last Closing Price$154.27$154.27$154.27
Upside/Downside15.06%16.68%27.70%

In the current month, the average price target of QUALCOMM stock is $177.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.06% increase as opposed to QUALCOMM's last price of $154.27. This month's average price target is down -1.39% compared to last quarter, and down -9.90% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 11, 2024Loop Capital Markets-HoldInitialise
Nov 07, 2024Wells FargoUnderweightUnderweightHold
Oct 16, 2024CitigroupNeutralNeutralHold
Oct 08, 2024Cantor FitzgeraldNeutralNeutralHold
Oct 08, 2024Wells FargoBuyBuyHold
Oct 08, 2024KeyBancOverweightSector WeightDowngrade
Sep 17, 2024Wells FargoBuyBuyHold
Aug 12, 2024Wolfe ResearchBuyPeer PerformDowngrade
Aug 01, 2024BarclaysOverweightOverweightHold
Jul 17, 2024SusquehannaPositivePositiveHold
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QUALCOMM's last stock rating was published by Loop Capital Markets on Nov 11, 2024. The company Initialise its QCOM rating from "null" to "Hold".

QUALCOMM Financial Forecast

QUALCOMM Revenue Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 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$11.31B$11.01B$10.45B$11.58B$11.40B$10.97B$10.87B$11.69B$10.94B$10.35B$10.31B$10.91B$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$11.80B$11.49B$10.91B$12.08B$11.90B$11.45B$11.34B$12.20B$11.42B$10.80B$10.44B$10.94B$9.94B$9.21B$9.35B$9.66B$8.79B$8.88B$9.49B$10.02B$11.36B$10.86B$10.63B$10.44B$8.84B$7.53B$7.62B$8.26B$5.90B$4.81B
Low Forecast$11.13B$10.84B$10.29B$11.40B$11.23B$10.80B$10.70B$11.51B$10.77B$10.19B$10.24B$10.86B$9.87B$9.21B$9.35B$9.44B$8.40B$8.38B$8.95B$9.45B$11.36B$10.86B$10.63B$10.44B$8.84B$7.53B$7.62B$8.26B$5.90B$4.81B
# Analysts666612111098713136448211020129159101812102066
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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts666612111098713136448211020129159101812102066
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$3.75B$3.65B$3.46B$3.84B$3.78B$3.63B$3.60B$3.87B$3.62B$3.43B$3.42B$3.61B$3.28B$3.05B$4.33B$3.15B$2.82B$2.82B$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$3.91B$3.81B$3.61B$4.00B$3.94B$3.79B$3.76B$4.04B$3.78B$3.58B$3.46B$3.62B$3.29B$3.05B$5.19B$3.20B$2.91B$2.94B$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$3.69B$3.59B$3.41B$3.78B$3.72B$3.58B$3.54B$3.81B$3.57B$3.37B$3.39B$3.60B$3.27B$3.05B$3.46B$3.13B$2.78B$2.77B$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 %---------------0.93%0.66%0.65%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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts666612111098713136448211020129159101812102066
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$3.61B$3.45B$3.26B$3.70B$3.53B$3.29B$3.28B$3.69B$3.33B$3.01B$3.02B$3.35B$2.89B$2.54B$3.18B$2.68B$2.15B$2.04B$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$3.81B$3.64B$3.44B$3.91B$3.73B$3.48B$3.47B$3.90B$3.51B$3.18B$3.21B$3.43B$2.90B$2.54B$3.82B$2.82B$2.27B$2.16B$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$3.54B$3.38B$3.19B$3.63B$3.46B$3.23B$3.22B$3.61B$3.26B$2.95B$2.89B$3.19B$2.88B$2.54B$2.55B$2.63B$2.08B$2.00B$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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts666612111098713136448211020129159101812102066
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$805.49M$784.13M$744.43M$824.65M$812.21M$781.42M$774.19M$832.39M$779.23M$736.90M$734.35M$777.07M$705.41M$656.25M$677.20M$677.36M$606.03M$605.92M$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$840.56M$818.26M$776.84M$860.56M$847.57M$815.44M$807.90M$868.63M$813.16M$768.98M$743.64M$779.21M$707.85M$656.25M$812.64M$688.06M$625.91M$632.30M$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$792.98M$771.94M$732.86M$811.84M$799.59M$769.28M$762.17M$819.46M$767.13M$725.45M$729.35M$773.50M$702.98M$656.25M$541.76M$672.37M$598.00M$596.51M$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 %---------------0.93%1.04%1.02%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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts666612111098713136448211020129159101812102066
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$3.20$3.05$2.88$3.28$3.12$2.92$2.91$3.27$2.95$2.66$2.67$2.97$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$3.38$3.23$3.05$3.47$3.30$3.08$3.07$3.45$3.11$2.81$2.84$3.04$2.57$2.25$2.33$2.50$2.01$1.91$2.27$2.49$3.13$2.89$2.95$3.01$2.26$1.68$1.69$2.10$1.17$0.71
Low Forecast$3.13$2.99$2.83$3.22$3.06$2.86$2.85$3.20$2.89$2.61$2.56$2.82$2.55$2.25$2.33$2.33$1.84$1.77$2.10$2.31$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
INTCIntel$24.01$35.3847.36%Hold
MUMicron$98.37$136.5038.76%Buy
AMDAdvanced Micro Devices$137.60$176.1127.99%Buy
QCOMQUALCOMM$154.27$192.4824.77%Buy
AVGOBroadcom$163.25$169.814.02%Buy
MRVLMarvell$89.86$87.03-3.15%Buy
NVDANVIDIA$145.89$130.20-10.75%Buy
TSMTaiwan Semiconductor Manufacturing Company$188.36$168.00-10.81%Buy

QCOM Forecast FAQ

Is QUALCOMM a good buy?

Yes, according to 26 Wall Street analysts, QUALCOMM (QCOM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 57.69% of QCOM's total ratings.

What is QCOM's price target?

QUALCOMM (QCOM) average price target is $192.48 with a range of $150 to $270, implying a 24.77% from its last price of $154.27. The data is based on 26 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 24.77% (from the last price of $154.27 to the average price target of $192.48), up by 75.02% based on the highest stock price target, and down by -2.77% 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?

2 Wall Street analysts forecast a $177.5 price target for QUALCOMM (QCOM) this month, up 15.06% from its last price of $154.27. Compared to the last 3 and 12 months, the average price target increased by 16.68% and increased by 27.70%, 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 $44.93B (high $46.89B, low $44.24B), average EBITDA is $14.88B (high $15.53B, low $14.65B), average net income is $13.79B (high $14.57B, low $13.51B), average SG&A $3.2B (high $3.34B, low $3.15B), and average EPS is $12.21 (high $12.91, low $11.97). QCOM's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $44.35B (high $46.28B, low $43.66B), average EBITDA is $14.69B (high $15.33B, low $14.46B), average net income is $14.02B (high $14.81B, low $13.73B), average SG&A $3.16B (high $3.3B, low $3.11B), and average EPS is $12.41 (high $13.12, low $12.16).

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 $14.07B by -44.64%. The company's net income was $7.23B, missing the average estimation of $10.55B by -31.46%. Apple's SG&A was $2.48B, beating the average forecast of $2.45B by 1.45%. 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 $3.15B by -7.06%. QUALCOMM's net income was $2.77B, beating the average estimation of $2.68B by 3.42%. The company's SG&A was $627M, missing the average forecast of $677.36M by -7.43%. Lastly, the company's EPS was $2.48, beating the average prediction of $2.37 by 4.65%