Qualcomm Price Prediction: The Forecast Is Far More Bullish Than Analysts

Our Qualcomm (NASDAQ:QCOM) terms prediction sits good supra wherever the merchantability broadside has landed, and that spread is the full story. Wall Street's statement people of $186.50 implies downside from today's quote.

Our exemplary sees the opposite. The 24/7 Wall St. terms people for Qualcomm is $257.53, pointing to astir 25.69% upside implicit the adjacent 12 months, with a 90% assurance read. The proposal is buy.

24/7 Wall St. Price Target Summary

A Sharp Pullback After an Even Sharper Rally

Qualcomm has had a chaotic quarter. The banal is up 21.03% twelvemonth to day and 34.18% implicit the past year, but shares person fixed backmost 17.34% implicit the past period aft touching $258.96 successful May. The betterment disconnected the March debased adjacent $129.39 followed a blowout Q1 FY26 net study and a Q2 study that delivered $2.65 non-GAAP EPS connected $10.6 cardinal successful revenue, a 3.67% EPS bushed and the 4th consecutive 4th topping consensus.

The June 24 Investor Day was the catalyst down this week's bullish chatter. Management doubled the 2029 non-handset gross people to $40 cardinal and laid retired a $15 cardinal AI information halfway income target, which triggered a +12% pre-market reaction. Retail sentiment connected r/wallstreetbets jumped to 76 connected the news.

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The Case for $267 and Higher

The bull thesis rests connected diversification yet cracking the "Qualcomm is conscionable a handset story" narrative. Q2 FY26 automotive gross deed a grounds $1.33 billion, up 38% YoY, portion IoT grew 9%. CEO Cristiano Amon flagged that a "leading hyperscaler customized silicon engagement is connected way for archetypal shipments aboriginal this calendar year," validating the information halfway entry.

Add the Alphawave Semi acquisition, the Snapdragon AI-at-the-edge roadmap, a caller $20 cardinal buyback authorization, and our bull lawsuit targets $267.77, a 30.69% full return.

The Risks Worth Watching

Q3 FY26 guidance of $9.2 cardinal to $10 cardinal successful gross and non-GAAP EPS of $2.10 to $2.30 implies different sequential decline. Handsets fell 13% YoY connected representation proviso constraints and China softness. Apple's eventual modem in-sourcing, lawsuit vertical integration, and US-China commercialized friction are existent overhangs, and insider enactment skews to nett selling.