On May 1, 2025, Benchmark analyst Cody Acree issued an update on Qualcomm (QCOM, Financial), reaffirming their 'Buy' rating. However, Acree lowered the price target for QCOM from USD 240.00 to USD 200.00. This adjustment represents a 16.67% decrease from the prior price target.
The decision to maintain the 'Buy' rating reflects continued confidence in Qualcomm's (QCOM, Financial) market performance, despite the downward revision of the price target. The updated target indicates that Benchmark anticipates strong performance for the stock, though with slightly tempered expectations for future price gains.
Investors will be focusing on Qualcomm's (QCOM, Financial) next earnings report for further insights into the company's financial health and growth prospects, following this revised outlook by Benchmark.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Qualcomm Inc (QCOM, Financial) is $189.64 with a high estimate of $270.00 and a low estimate of $140.00. The average target implies an upside of 38.38% from the current price of $137.04. More detailed estimate data can be found on the Qualcomm Inc (QCOM) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Qualcomm Inc's (QCOM, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Qualcomm Inc (QCOM, Financial) in one year is $167.08, suggesting a upside of 21.92% from the current price of $137.04. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Qualcomm Inc (QCOM) Summary page.
