On May 1, 2025, Wells Fargo analyst Aaron Rakers has maintained an "Underweight" rating for Qualcomm (QCOM, Financial), while lowering the price target from $175.00 USD to $140.00 USD. This adjustment represents a 20% decrease from the prior target.
Qualcomm (QCOM, Financial) continues to face challenges as reflected in the revised price target by Wells Fargo. The "Underweight" rating remains unchanged, indicating a cautious outlook by the analyst despite the changes in the expected share price valuation.
The revision in the target price and maintained rating comes amidst ongoing market evaluations and industry conditions, as investors and analysts assess Qualcomm's position in the tech sector.
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 39.27% from the current price of $136.17. 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 22.7% from the current price of $136.17. 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.
