Qualcomm Incorporated (QCOM) is a U.S.-listed semiconductor stock, and its analyst coverage is both deep and sharply divided. Across the roughly 30 to 37 individual targets tracked by S&P Global and Investing.com, the arithmetic mean works out to approximately $195, which forms the central target used here. The low-to-high range is extraordinarily wide — near $100 at the bearish extreme and roughly $400 at the bullish extreme — and the consensus rating is a Hold.
Recent target revisions illustrate how much views have shifted. In the weeks before the latest sell-off, Susquehanna raised its target to $185 (October 21, 2026) and TD Cowen to $200 (October 19, 2026), while Rosenblatt reiterated a Buy with a $235 target. On the more cautious side, Bernstein held at $165, Barclays maintained a Sell with a $180 target, and RBC Capital trimmed to $180. Bullish analysts emphasize Qualcomm's diversification into automotive, IoT, and AI data-center silicon; bearish analysts argue handset headwinds and the Apple transition outweigh those optionalities. The $195 mean should be read as a mid-point of a wide distribution, not as a forecast.
Qualcomm shares closed near $164.79 on October 30, 2026, down 11.1% in a single session as disappointing guidance from Intel triggered a broad semiconductor sell-off. The stock's 52-week range runs from about $121.99 to $259.92. Reaching $195 would require an 18% rise, a substantial move that would depend on the company's fiscal fourth-quarter results, due November 4, 2026, and on whether the market re-rates the shares.
Fundamentally, Qualcomm is navigating a transition. Its handset chip business is absorbing "unprecedented" memory prices that are compressing margins, while management has guided fiscal Q4 2026 revenue of $9.7 billion to $10.5 billion. At the same time, automotive chip revenue grew roughly 61% year over year, and the company has two custom data-center chip deals that should begin contributing revenue in the December quarter. The path to $195 likely requires evidence that these newer businesses can offset handset and Apple-related declines without further eroding the chip gross margin, which slipped to 53.1% from 55.6% a year earlier.
Following the October 30 decline, the stock is trading well below its 52-week high near $259.92, a level that now stands as a meaningful resistance zone. The $195 target sits roughly midway between the current price and that prior peak. On the downside, the 52-week low near $121.99 marks a distant support level, with the psychologically important $150 area a nearer reference point if selling pressure persists. The stock's sharp single-day drop suggests weak near-term momentum, and any recovery toward the target would likely need to reclaim the $170–$180 band first.
Analyst price targets typically reflect a roughly 12-month research horizon, though individual firms vary, and the wide $100-to-$400 spread here signals low conviction rather than a clean directional call. Investors should watch the November 4, 2026 fiscal Q4 earnings and guidance, especially the chip gross-margin trend and any commentary on the Apple transition, memory costs, and the ramp of data-center revenue. Also monitor sector-level signals on smartphone and PC demand, Federal Reserve policy, and any resolution or escalation of the Arm Holdings dispute, each of which could shift the stock materially in either direction.
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The $195 central target is a calculated average of roughly 30 verified analyst price targets — not an official published consensus — and it sits well above the current price near $164.79, implying a substantial 18% move. Support for that path rests on Qualcomm's accelerating automotive and IoT businesses, its emerging AI data-center opportunity, and its pricing actions. Working against it are margin pressure from memory costs, the faster Apple revenue step-down, handset weakness, and unresolved litigation. With a Hold consensus and targets spanning roughly $100 to $400, analyst opinion is genuinely split, and the November earnings report is likely to be the decisive catalyst for whether the stock can begin closing the gap toward $195.
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A.I.dvisor indicates that over the last year, QCOM has been closely correlated with LRCX. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if QCOM jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To QCOM | 1D Price Change % | ||
|---|---|---|---|---|
| QCOM | 100% | -1.64% | ||
| LRCX - QCOM | 80% Closely correlated | -4.83% | ||
| KLAC - QCOM | 78% Closely correlated | -3.04% | ||
| AMKR - QCOM | 76% Closely correlated | -6.43% | ||
| AMAT - QCOM | 74% Closely correlated | -3.99% | ||
| KLIC - QCOM | 74% Closely correlated | -4.06% | ||
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