QUALCOMM Incorporated — Wall Street Analyst Estimates & Price Targets

QCOM

NASDAQTechnologySemiconductorsCIK 0000804328qualcomm.comAbout QCOM

Last close · Oct 16, 2026172.11−6.29 (−3.53%)

Market cap$183.8B

12 firms' latest targets, last 90 days: median $175.00 ($159.00–$400.00), 2% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 12 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-09-09	Piper Sandler	$190.00	$200.00	▼ 5%	+8%	+10%
2026-07-30	Evercore ISI	$159.00	$179.00	▼ 11%	+6%	-8%
2026-07-30	RBC Capital	$160.00	$250.00	▼ 36%	+7%	-7%
2026-07-30	Cantor Fitzgerald	$165.00	$220.00	▼ 25%	+10%	-4%
2026-07-30	Bernstein	$165.00	$235.00	▼ 30%	+6%	-4%
2026-07-30	Goldman Sachs	$160.00	$180.00	▼ 11%	+3%	-7%
2026-07-30	Morgan Stanley	$220.00	$231.00	▼ 5%	+41%	+28%
2026-07-30	Barclays	$180.00	$245.00	▼ 27%	+16%	+5%
2026-07-30	Wells Fargo	$170.00	$265.00	▼ 36%	+9%	-1%
2026-07-30	Baird	$400.00	$300.00	▲ 33%	+157%	+132%
2026-07-27	UBS	$300.00	$190.00	▲ 58%	+79%	+74%
2026-07-27	Oppenheimer	$200.00	—	—	+18%	+16%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$35.8B	-19%	$6.42	-44%	est. $35.7B+0%	est. $8.31	31
2024reported	$39.0B	+9%	$8.98	+40%	est. $40.7B-4%	est. $9.40	10
2025reported	$44.3B	+14%	$5.01	-44%	est. $43.7B+1%	est. $11.91	20
2026	$43.0B	-3%	$10.54	-12%	$42.6B–$43.3B	$10.43–$10.81	25
2027	$45.0B	+5%	$10.13	-4%	$42.0B–$47.0B	$9.41–$12.23	26
2028	$52.4B	+16%	$13.07	+29%	$45.0B–$59.1B	$11.09–$15.33	24
2029	$62.8B	+20%	$17.65	+35%	$58.1B–$66.9B	$14.23–$21.07	9
2030	$68.4B	+9%	$21.65	+23%	$62.5B–$73.1B	$19.21–$23.58	5

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$175.00median target, 2% above the last close

Firms with a target · last 90 days: 12
Lowest – highest target: $159.00 – $400.00
Current grades of 23 firms: positive / neutral / negative: 8 / 12 / 3
Upgrades / downgrades · 12 months: 4 / 5
Consensus revenue growth · next 3 FY: +6% a year

Current grades

each firm's latest · 23 firms

As of	Firm	Grade
2026-09-09	RBC Capital	“Sector Perform”
2026-09-09	Rosenblatt	“Buy”
2026-07-30	Morgan Stanley	“Equal Weight”
2026-07-30	Cantor Fitzgerald	“Neutral”
2026-07-30	Benchmark	“Buy”
2026-07-30	Susquehanna	“Neutral”
2026-07-30	UBS	“Neutral”
2026-07-30	Wells Fargo	“Equal Weight”
2026-07-30	Evercore ISI	“In Line”
2026-07-30	TD Cowen	“Buy”

13 more

2026-07-30	Citigroup	“Neutral”
2026-06-29	Mizuho	“Neutral”
2026-06-25	Barclays	“Underweight”
2026-06-25	Bernstein	“Market Perform”
2026-06-23	Bank of America	“Underperform”
2026-05-08	Daiwa Capital	“Outperform”
2026-05-08	Tigress Financial	“Buy”
2026-04-30	J.P. Morgan	“Neutral”
2026-04-17	BNP Paribas Exane	“Neutral”
2026-03-16	Seaport Global	“Sell”
2026-02-24	Loop Capital	“Buy”
2026-02-06	Argus Research	“Buy”
2025-11-06	Piper Sandler	“Overweight”

Grade changes

last 24 months · 9

Date	Firm	Grade
2026-06-25	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2026-05-08	Daiwa Capital	“Neutral” → “Outperform” upgrade
2026-04-17	BNP Paribas Exane	“Outperform” → “Neutral” downgrade
2026-04-16	J.P. Morgan	“Overweight” → “Neutral” downgrade
2026-03-26	Bernstein	“Outperform” → “Market Perform” downgrade
2026-03-16	Seaport Global	“Neutral” → “Sell” downgrade
2026-02-24	Wells Fargo	“Underweight” → “Equal Weight” upgrade
2026-02-24	Loop Capital	“Hold” → “Buy” upgrade
2026-01-09	Mizuho	“Outperform” → “Neutral” downgrade

51 older than 24 months

2024-10-08	Keybanc	“Overweight” → “Sector Weight” downgrade
2024-08-12	Wolfe Research	“Outperform” → “Peer Perform” downgrade
2024-07-17	HSBC	“Buy” → “Hold” downgrade
2024-02-01	Citigroup	“Buy” → “Neutral” downgrade
2024-01-12	Citigroup	“Neutral” → “Buy” upgrade
2023-12-08	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2023-11-03	DZ Bank	“Hold” → “Buy” upgrade
2023-08-09	Daiwa Capital	“Buy” → “Outperform” revised
2023-08-03	Deutsche Bank	“Buy” → “Hold” downgrade
2023-03-16	Susquehanna	“Neutral” → “Positive” upgrade
2023-01-23	Barclays	“Equal Weight” → “Overweight” upgrade
2022-12-12	Wells Fargo	“Equal Weight” → “Underweight” downgrade
2022-07-29	DZ Bank	“Buy” → “Hold” downgrade
2022-07-28	Edward Jones	“Hold” → “Buy” upgrade
2022-07-15	Edward Jones	“Hold” → “Buy” upgrade
2021-11-05	DZ Bank	“Hold” → “Buy” upgrade
2021-11-04	Summit Insights Group	“Buy” → “Hold” downgrade
2021-11-04	Goldman Sachs	“Neutral” → “Buy” upgrade
2021-07-19	Goldman Sachs	“Sell” → “Neutral” upgrade
2021-04-19	Susquehanna	“Positive” → “Neutral” downgrade
2021-04-12	Evercore ISI	“Outperform” → “In Line” downgrade
2021-03-04	Piper Sandler	“Neutral” → “Overweight” upgrade
2021-02-04	Citigroup	“Buy” → “Neutral” downgrade
2020-09-01	Wells Fargo	“Underweight” → “Equal Weight” upgrade
2020-08-03	Bernstein	“Market Perform” → “Outperform” upgrade
2020-07-31	Edward Jones	“Sell” → “Hold” upgrade
2020-06-16	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2020-05-28	KeyBanc	“Sector Weight” → “Overweight” upgrade
2020-04-17	Goldman Sachs	“Neutral” → “Sell” downgrade
2020-03-27	Deutsche Bank	“Hold” → “Buy” upgrade
2020-02-12	Daiwa Capital	“Neutral” → “Outperform” upgrade
2020-01-17	Citigroup	“Neutral” → “Buy” upgrade
2020-01-15	DZ Bank	“Hold” → “Buy” upgrade
2019-11-15	Mizuho	“Neutral” → “Buy” upgrade
2019-11-11	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2019-11-08	DZ Bank	“Sell” → “Hold” upgrade
2019-08-02	DZ Bank	“Hold” → “Sell” downgrade
2019-07-18	Barclays	“Overweight” → “Equal Weight” downgrade
2019-05-23	Mizuho	“Buy” → “Neutral” downgrade
2019-05-23	Edward Jones	“Hold” → “Sell” downgrade
2019-05-23	Deutsche Bank	“Buy” → “Hold” downgrade
2019-05-02	Bank of America	“Neutral” → “Buy” upgrade
2019-05-02	Raymond James	“Outperform” → “Strong Buy” upgrade
2019-04-23	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2019-04-18	DZ Bank	“Hold” → “Buy” upgrade
2019-04-17	Evercore ISI	“In Line” → “Outperform” upgrade
2019-04-17	J.P. Morgan	“Neutral” → “Overweight” upgrade
2019-04-17	Stifel	“Hold” → “Buy” upgrade
2018-11-16	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2018-10-31	Bank of America	“Buy” → “Neutral” downgrade
2018-09-25	KeyBanc	“Sector Weight” → “Equal Weight” revised

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.