As Qualcomm, Inc. (NASDAQ: QCOM) stock dropped to a two-month low, Wall Street analysts have signaled bullish sentiment toward Qualcomm stock over the next 12 months.
On Monday, Stacy Rasgon, an analyst at Bernstein, reiterated a ‘Hold’ rating on Qualcomm stock, according to a note sent to clients analyzed by Finbold on June 29. Rasgon set a 12-month target for QCOM stock price at $235, thereby implying a 24.08% potential upside.
On June 28, Vijay Rakesh, an analyst at Mizuho Securities, raised the 12-month target for Qualcomm price from $170 to $210. Rakesh maintained a ‘Hold’ rating on this company.
On Friday, June 26, Ingo Wermann, an analyst at DZ Bank AG, upgraded Qualcomm stock to a ‘Buy’ rating. Additionally, Wermann raised his 12-month price target from $195 to $265, which is a 39.92% potential upside.
On the same day, Thomas O’Malley, an analyst at Barclays PLC (NYSE: BCS), assigned a ‘Sell’ rating on Qualcomm stock. However, O’Malley set a 12-month price target of $245, down from $150.
As such, 32 Wall Street analysts have set an average price target of $219.14 and a rating of ‘Hold’, according to data from TipRanks.
Qualcomm stock price performance
Wall Street analysts have issued an average Hold rating for Qualcomm stock amid the ongoing consolidation. Since early May 2026, QCOM stock price has been trapped in a choppy consolidation, currently trading at $189.39 at the time of publication.
Nonetheless, QCOM stock price has gained over 10% year to date (YTD), thus, the company’s market capitalization is around $199.6 billion at press time. As a core AI stock, Qualcomm is well-positioned to continue growing over the coming months, bolstered by bullish price targets from analysts, as Finbold reported.
