73/100BQUALCOMM stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for QUALCOMM is 199.63, 15.0% above the current price of 173.55. Their targets range from 155.00 to 320.00.
Of the 23 firms that rated QUALCOMM in the past 12 months, 7 rate it buy or strong buy, 13 hold and 3 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 155.00 to 320.00, with an average of 199.63.
| Buy | 7 | |
| Hold | 13 | |
| Sell | 3 |
12-month price target
| Highest target | 320.00 |
| Average target | 199.63 |
| Lowest target | 155.00 |
| Current price | 173.55 |
QUALCOMM price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their QUALCOMM price target and rating?
How analysts rate QUALCOMM, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
7 of 23 firms rate it buy now, against 10 of 16 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
QUALCOMM analyst upgrades, downgrades and price targets
The latest rating change came on 9 November 2026, when Freedom Broker downgraded QUALCOMM from Buy to Hold. The most recent new target came from Robert W. Baird on 5 November 2026: 320.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 9 Nov 2026 | Freedom Broker | Downgraded · Buy → Hold | — | — | — |
| 5 Nov 2026 | Robert W. Baird Tristan Gerra | — | 400.00 → 320.00 | -20.0% | 173.19 |
| 2 Nov 2026 | Bernstein Stacy Rasgon | Reiterated · Market Perform | 165.00 → 155.00 | -6.1% | 167.11 |
| 21 Oct 2026 | Susquehanna | Reiterated · Neutral | 190.00 → 185.00 | -2.6% | 175.71 |
| 9 Sept 2026 | Piper Sandler | — | 200.00 → 190.00 | -5.0% | 176.40 |
| 30 Jul 2026 | Evercore ISI Mark Lipacis | Reiterated · In Line | 179.00 → 159.00 | -11.2% | 149.51 |
| 30 Jul 2026 | RBC Capital Srini Pajjuri | Reiterated · Sector Perform | 250.00 → 160.00 | -36.0% | 149.81 |
| 30 Jul 2026 | Cantor Fitzgerald | Reiterated · Neutral | 220.00 → 165.00 | -25.0% | 149.74 |
| 30 Jul 2026 | Bernstein | — | 235.00 → 165.00 | -29.8% | 155.68 |
| 30 Jul 2026 | Goldman Sachs | — | 180.00 → 160.00 | -11.1% | 155.68 |
| 30 Jul 2026 | Morgan Stanley | Reiterated · Equal Weight | 231.00 → 220.00 | -4.8% | 155.68 |
| 30 Jul 2026 | Barclays Tom O'Malley | — | 245.00 → 180.00 | -26.5% | 155.68 |
| 30 Jul 2026 | Wells Fargo Aaron Rakers | Reiterated · Equal Weight | 265.00 → 170.00 | -35.8% | 155.68 |
| 30 Jul 2026 | Robert W. Baird Tristan Gerra | — | 300.00 → 400.00 | +33.3% | 155.68 |
| 29 Jul 2026 | Goldman Sachs | — | 180.00 | — | 155.68 |
| 27 Jul 2026 | UBS | — | 190.00 → 300.00 | +57.9% | 167.95 |
| 27 Jul 2026 | Oppenheimer | — | 200.00 | — | 169.26 |
| 20 Jul 2026 | UBS | — | 235.00 → 190.00 | -19.1% | 172.61 |
| 29 Jun 2026 | Mizuho Securities Vijay Rakesh | Reiterated · Neutral | 160.00 → 210.00 | +31.3% | 189.39 |
| 25 Jun 2026 | RBC Capital | Reiterated · Sector Perform | 175.00 → 250.00 | +42.9% | 203.87 |
| 25 Jun 2026 | UBS | Reiterated · Neutral | 170.00 → 235.00 | +38.2% | 207.09 |
| 25 Jun 2026 | Susquehanna | Reiterated · Neutral | 160.00 → 190.00 | +18.8% | 197.41 |
| 25 Jun 2026 | Barclays Tom O'Malley | Reiterated · Underweight | 150.00 → 245.00 | +63.3% | 197.41 |
| 25 Jun 2026 | Cantor Fitzgerald | Reiterated · Neutral | 200.00 → 220.00 | +10.0% | 197.41 |
| 25 Jun 2026 | Bernstein | Reiterated · Market Perform | 200.00 → 235.00 | +17.5% | 197.41 |
| 25 Jun 2026 | Wells Fargo | Reiterated · Equal Weight | 230.00 → 265.00 | +15.2% | 197.41 |
| 25 Jun 2026 | Morgan Stanley Joseph Moore | Upgraded · Underweight → Equal Weight | 146.00 → 231.00 | +58.2% | 197.41 |
| 22 Jun 2026 | Cantor Fitzgerald | Reiterated · Neutral | 150.00 → 200.00 | +33.3% | 226.11 |
| 22 Jun 2026 | Guggenheim | — | 200.00 | — | 226.11 |
| 12 Jun 2026 | Wells Fargo | Reiterated · Equal Weight | 160.00 → 230.00 | +43.8% | 202.96 |
| 18 May 2026 | Melius Research | — | 220.00 | — | 201.71 |
| 8 May 2026 | Tigress Financial | Reiterated · Buy | 280.00 | — | 219.86 |
| 8 May 2026 | Daiwa Louis Miscioscia | Upgraded · Neutral → Outperform | 140.00 → 225.00 | +60.7% | 202.55 |
| 1 May 2026 | Argus Research | — | 220.00 | — | 172.73 |
| 1 May 2026 | Robert W. Baird | — | 177.00 → 300.00 | +69.5% | 173.30 |
| 30 Apr 2026 | Deutsche Bank Ross Seymore | — | 160.00 | — | 185.23 |
| 30 Apr 2026 | RBC Capital | Reiterated · Sector Perform | 150.00 → 175.00 | +16.7% | 172.76 |
| 30 Apr 2026 | Evercore ISI | Reiterated · In Line | 134.00 → 179.00 | +33.6% | 173.39 |
| 30 Apr 2026 | Cantor Fitzgerald | Reiterated · Neutral | 160.00 → 150.00 | -6.3% | 156.00 |
| 30 Apr 2026 | Susquehanna | Reiterated · Neutral | 140.00 → 160.00 | +14.3% | 156.00 |
| 30 Apr 2026 | Morgan Stanley | — | 132.00 → 146.00 | +10.6% | 156.00 |
| 30 Apr 2026 | UBS | Reiterated · Neutral | 150.00 → 170.00 | +13.3% | 156.00 |
| 30 Apr 2026 | Wells Fargo Aaron Rakers | Reiterated · Equal Weight | 160.00 | — | 156.00 |
| 30 Apr 2026 | Barclays Tom O'Malley | Reiterated · Underweight | 150.00 | — | 156.00 |
| 21 Apr 2026 | UBS | Reiterated · Neutral | 160.00 → 150.00 | -6.3% | 137.52 |
| 17 Apr 2026 | BNP Paribas David O'Connor | Downgraded · Outperform → Neutral | 120.00 | — | 134.47 |
| 16 Apr 2026 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 26 Mar 2026 | Bernstein | Downgraded · Outperform → Market Perform | — | — | — |
| 16 Mar 2026 | Seaport Global | Downgraded · Neutral → Sell | — | — | — |
| 24 Feb 2026 | Loop Capital Markets | Upgraded · Hold → Buy | 185.00 | — | 140.41 |
QUALCOMM EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect QUALCOMM's EPS to grow 9.9% a year until 2029. Over the last 5 years it grew 10.0% a year, and over the last 3 years 25.5%.
Analysts expect QUALCOMM's revenue to grow 13.0% a year until 2029, faster than over the last 5 years (5.1% a year) and the last 3 years (6.4%).
Revenue
EPS
Does QUALCOMM beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 5.1% off the result, either way, and their revenue estimate 2.6%, over the last 12 quarters.
- EPS beats
- 94 / 120
- Revenue beats
- 93 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +4.9%
- Since
- January 1997
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 4 Nov 2026 | 2.16 | 2.17 | +0.5% | 10.12B | 10.32B | +2.0% |
| Q3 FY2026 | 29 Jul 2026 | 2.23 | 2.21 | -0.9% | 9.69B | 9.95B | +2.6% |
| Q2 FY2026 | 29 Apr 2026 | 2.56 | 2.65 | +3.5% | 10.59B | 10.60B | +0.1% |
| Q1 FY2026 | 4 Feb 2026 | 3.39 | 3.50 | +3.2% | 12.12B | 12.25B | +1.1% |
| Q4 FY2025 | 5 Nov 2025 | 2.87 | 3.00 | +4.5% | 10.77B | 11.27B | +4.7% |
| Q3 FY2025 | 30 Jul 2025 | 2.71 | 2.77 | +2.2% | 10.33B | 10.37B | +0.3% |
| Q2 FY2025 | 30 Apr 2025 | 2.82 | 2.85 | +1.1% | 10.64B | 10.98B | +3.1% |
| Q1 FY2025 | 5 Feb 2025 | 2.96 | 3.41 | +15.2% | 10.91B | 11.67B | +6.9% |
| Q4 FY2024 | 6 Nov 2024 | 2.56 | 2.69 | +5.1% | 9.90B | 10.24B | +3.4% |
| Q3 FY2024 | 31 Jul 2024 | 2.25 | 2.33 | +3.6% | 9.21B | 9.39B | +1.9% |
| Q2 FY2024 | 1 May 2024 | 2.32 | 2.44 | +5.2% | 9.35B | 9.39B | +0.4% |
| Q1 FY2024 | 31 Jan 2024 | 2.37 | 2.75 | +16.0% | 9.51B | 9.94B | +4.5% |
QUALCOMM stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If QUALCOMM's earnings grow at the 17.0% a year analysts expect to FY2029, then 15.0% a year, it would earn about 22.29 a share in FY2031. At the P/E it has traded at over the last five years (9.8 to 32.7) that is 218.58 to 728.10 a share, or 395.73 at its average P/E of 17.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 9.90 | 97.10 | 175.80 | 323.45 |
| FY2028 | 12.54 | 123.03 | 222.74 | 409.81 |
| FY2029 | 16.85 | 165.28 | 299.23 | 550.55 |
| FY2030 (extrapolated) | 19.38 | 190.07 | 344.11 | 633.13 |
| FY2031 (extrapolated) | 22.29 | 218.58 | 395.73 | 728.10 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (9.8, 17.8, 32.7).
Is QUALCOMM stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
QUALCOMM's P/E of 13.6 is below the middle of its 5-year range (9.0 to 36.4, median 17.6). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 1.4 on expected growth against 1.8 on its median P/E and past five years' growth. At its usual P/E (16.7 × EPS of 12.22), QUALCOMM's fair value is 204.35; the price, 173.55, is 15.1% below it. The EPS is without 0.59 a share of one-off gains in its other income, which the business does not repeat. Its forward P/E, on the consensus for FY2027, is 17.5.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (9.0 and 30.2). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 13.55
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 17.58
- Five-year P/E range
- 9.0 – 36.4
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 17.53
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.80
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +15.0%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 194.150 | 384.66163Price 194.152,644 | +98.1% | |
| 151.500 | 297.58169Price 151.50471 | +96.4% | |
| 43.415 | 82.9546Price 43.42165 | +91.1% | |
| 160.210 | 305.52160Price 160.21396 | +90.7% | |
| 213.480 | 405.47304Price 213.48507 | +89.9% | |
| 159.250 | 300.34225Price 159.25375 | +88.6% | |
| 164.480 | 308.95212Price 164.48442 | +87.8% |
Furthest below the fair value on each stock's page, updated every day.