Qualcomm (NASDAQ:QCOM) Given New $195.00 Price Target at Bank of America

Posted by Micah Haroldson on Jun 23rd, 2026

Qualcomm (NASDAQ:QCOM – Get Free Report) had its price objective upped by investment analysts at Bank of America from $165.00 to $195.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “underperform” rating on the wireless technology company’s stock. Bank of America‘s target price indicates a potential downside of 12.12% from the company’s current price.

Several other research analysts also recently weighed in on QCOM. The Goldman Sachs Group began coverage on shares of Qualcomm in a research note on Monday, March 30th. They issued a “neutral” rating and a $135.00 target price for the company. Loop Capital raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, February 24th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Melius Research set a $220.00 price objective on shares of Qualcomm in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $191.90.

View Our Latest Research Report on QCOM

Qualcomm Stock Performance

NASDAQ QCOM opened at $221.90 on Tuesday. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The stock has a market cap of $233.88 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 28.09 and a beta of 1.59. The business has a fifty day moving average of $195.70 and a 200-day moving average of $167.12. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts predict that Qualcomm will post 7.97 earnings per share for the current fiscal year.

Qualcomm declared that its board has authorized a stock buyback program on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This represents a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the transaction, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,806 shares of company stock valued at $3,928,958 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

A number of institutional investors have recently bought and sold shares of QCOM. Basepoint Wealth LLC boosted its holdings in shares of Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after purchasing an additional 59 shares during the last quarter. Certified Advisory Corp increased its holdings in shares of Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after buying an additional 62 shares during the last quarter. ProVise Management Group LLC raised its position in shares of Qualcomm by 2.6% in the 3rd quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock worth $426,000 after buying an additional 64 shares during the period. Baker Tilly Wealth Management LLC raised its position in shares of Qualcomm by 1.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after buying an additional 64 shares during the period. Finally, Modern Wealth Management LLC boosted its holdings in Qualcomm by 0.5% in the first quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock valued at $1,744,000 after acquiring an additional 64 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Wall Street support is helping sentiment, as Cantor Fitzgerald raised its 12-month price target on Qualcomm amid optimism around the company’s AI exposure. Wall Street analyst updates Qualcomm stock price target
Positive Sentiment: Reports that Qualcomm is nearing a roughly $4 billion acquisition of AI chip startup Modular could bolster its AI infrastructure strategy and support the stock’s longer-term growth narrative. Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
Positive Sentiment: Commentary from Jim Cramer framing Qualcomm as a “value AI play” adds to the bullish AI investment case for QCOM. Jim Cramer Discusses Qualcomm (QCOM) As A Value AI Play
Neutral Sentiment: Recent articles highlight that Qualcomm’s stock has had a huge run over the past year, prompting valuation questions from investors even as AI enthusiasm remains a tailwind. Qualcomm (QCOM) Stock After 48% Year Gain Is The Price Getting Ahead Of Itself
Neutral Sentiment: Analyses of Qualcomm’s QCT segment note continued handset कमजोरी, but growth in automotive and IoT is helping offset weakness in smartphones. Can Qualcomm’s QCT Segment Sustain Growth Amid Handset Weakness?
Negative Sentiment: Some market coverage says QCOM is falling more than the broader market, reflecting near-term selling pressure after recent gains. Qualcomm (QCOM) Suffers a Larger Drop Than the General Market: Key Insights

About Qualcomm

(Get Free Report)

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.