QCOM QUALCOMM INC/DE
Price Chart
Executive Summary
Loop Capital upgraded QCOM from Hold to Buy with a $185 price target on Feb 24, 2026, in a cluster of 12 analyst actions. The firm boasts a 100% accuracy rate on 2 QCOM calls with an average return of 6.5%, though the sample is minimal. Consensus is heavily skewed to Hold: 52% Hold (24 of 46), 41% Buy (19), 7% Sell (3). The mean price target is $150.10, implying 16% downside from the current $179.58. Loop's PT of $185 is 23% above consensus mean and offers just 3% upside. Momentum is weak: 0 upgrades vs 2 downgrades in 30 days, and EPS estimates for the current quarter have been revised down from $2.45 to $2.43 over the past month. Insider sales total ~$382k from the CFO and director, and short interest is elevated at 60.1%. A new $2.6B position from Norges Bank contrasts with exits by Renaissance and Two Sigma. The bottom line: a contrarian upgrade from a high-accuracy firm, but limited upside and mixed cross-platform signals warrant caution.
Impact Score
Consensus & Targets
Among 46 analysts covering QCOM: 6 Strong Buy, 13 Buy (total 41% Buy), 24 Hold (52%), 3 Sell (7%). Consensus is neutral-to-bearish, with a clear Hold lean.
Mean PT is $150.10, median $150, high $200, low $100. Current price $179.58 sits 19.6% above the mean, implying 16.4% downside to consensus. Loop's $185 PT is 23% above the mean and offers just 3.0% upside from current levels.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-30 | JP Morgan | maintain | Neutral | $160.00 |
| 2026-04-30 | UBS | maintain | Neutral | $170.00 |
| 2026-04-30 | TD Cowen | maintain | Buy | $200.00 |
| 2026-04-30 | Citigroup | maintain | Neutral | $160.00 |
| 2026-04-30 | Susquehanna | maintain | Neutral | $160.00 |
| 2026-04-30 | RBC Capital | maintain | Sector Perform | $175.00 |
| 2026-04-30 | Evercore ISI Group | maintain | In-Line | $179.00 |
| 2026-04-30 | Barclays | maintain | Underweight | $150.00 |
| 2026-04-30 | Benchmark | maintain | Buy | $225.00 |
| 2026-04-30 | Wells Fargo | maintain | Equal-Weight | $160.00 |
30-day analyst activity: 0 upgrades, 2 downgrades. EPS revisions are trending lower: current quarter (0q) EPS estimate fell from $2.45 to $2.43 (30d), next quarter (+1q) from $2.544 to $2.539, and next fiscal year from $11.13 to $11.02. Revisions down outnumber up 5:2 in the current quarter and 8:1 in the next fiscal year.
Firm Track Record — Loop Capital
Loop Capital accuracy: 54% on 645 calls | avg return: 4.4%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| HSBC | 100% | 2/2 | -4.6% | top tier |
| WestPark Capital | 100% | 2/2 | 1.1% | top tier |
| Loop Capital | 100% | 2/2 | 6.5% | top tier |
| Keybanc | 67% | 2/3 | -0.3% | top tier |
| Wells Fargo | 60% | 3/5 | -4.5% | above average |
| TD Cowen | 50% | 1/2 | -3.7% | below average |
| Evercore ISI Group | 50% | 2/4 | 3.1% | below average |
| Rosenblatt | 50% | 3/6 | -2.8% | below average |
| Susquehanna | 50% | 3/6 | 4.9% | below average |
| Cantor Fitzgerald | 44% | 4/9 | -0.8% | below average |
Loop Capital has 100% accuracy on 2 QCOM calls with avg return +6.5%, but sample size is tiny. Among firms covering QCOM, top accuracy includes HSBC (100% on 2, avg -4.6%), WestPark Capital (100% on 2, +1.1%), and Keybanc (67% on 3, -0.3%). Lowest: Barclays (33% on 3, -8.8%), Baird (33% on 3, -4.8%). Loop's record is exceptional but not statistically significant.
Earnings Estimates
Next earnings: Jul 28, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $2.43 | $2.13 — $2.72 | $10.2B | ↑2 ↓0 |
| +1y | $11.02 | $9.68 — $12.33 | $43.7B | ↑1 ↓0 |
| +1q | $2.54 | $2.09 — $2.87 | $10.5B | ↑1 ↓0 |
| 0y | $11.08 | $10.55 — $12.00 | $43.6B | ↑1 ↓0 |
Cross-Platform Signals
Insider sales: CFO Palkhiwala sold ~$382k, Director Grech ~$121k in recent months. Congressional: Rep. Moskowitz (D) sold $15k-$50k on Mar 31. Institutional: Norges Bank opened a massive $2.6B position, but Renaissance exited and Two Sigma cut 88.9%. Short interest is 60.1% of float (short ratio ~60.1% of volume). The analyst upgrade diverges from insider selling and high short interest but aligns with the large new institutional position.
Actionable Insight
Loop's contrarian upgrade from a high-accuracy firm is notable, but the 3% upside to its PT and conflicting signals (insider sales, high short interest, EPS downgrades) suggest caution. Wait for QCOM to break above $185 with volume before committing; otherwise, the risk/reward is unappealing.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 31, 2026
5d ago
|
ANALYST-UPGRADE
| $144.67 $138.13 | ▼ −4.52% | ▼ −3.49% | $215.94 (+49.27%) |
|
May 17, 2026
19d ago
|
ANALYST-DOWNGRADE
| $135.98 $148.92 | ▼ −9.52% | ▼ −8.96% | $215.94 (−58.81%) |
|
May 16, 2026
20d ago
|
ANALYST-DOWNGRADE
| $134.42 $133.85 | ▲ +0.42% | ▲ +1.41% | $215.94 (−60.65%) |
|
May 8, 2026
28d ago
|
ANALYST-UPGRADE
| $237.08 $203.30 | ▼ −14.25% | ▼ −14.16% | $215.94 (−8.92%) |
|
May 5, 2026
4w ago
|
Insider Cluster
| $186.45 $209.37 | ▲ +12.29% | ▲ +10.31% | $215.94 (+15.82%) |
|
May 1, 2026
5w ago
|
ANALYST-UPGRADE
| $144.67 $138.13 | ▼ −4.52% | ▼ −3.49% | $215.94 (+49.27%) |
|
Apr 30, 2026
5w ago
|
Insider Cluster
| $179.65 $192.57 | ▲ +7.19% | ▲ +5.47% | $215.94 (+20.20%) |
|
Apr 30, 2026
5w ago
|
Insider Cluster
| $179.65 $192.57 | ▲ +7.19% | ▲ +5.47% | $215.94 (+20.20%) |
|
Apr 17, 2026
7w ago
|
ANALYST-DOWNGRADE
| $135.98 $148.92 | ▼ −9.52% | ▼ −8.96% | $215.94 (−58.81%) |
|
Mar 12, 2026
12w ago
|
Insider Cluster
| $131.18 $131.21 | ▲ +0.02% | ▲ +1.00% | $215.94 (+64.62%) |
US Market Status
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