QCOM QUALCOMM INC/DE
Price Chart
Executive Summary
Loop Capital upgraded QCOM from Hold to Buy with a $185 price target, representing 26% upside from the current $251.02. The upgrade is part of a 12-firm cluster action, though QCOM trades well above the consensus mean target of $177.81. Consensus is mixed: 18 Buy, 26 Hold, 4 Sell out of 48 analysts. Loop Capital has a 100% accuracy rate on 2 calls with a 6.5% average return, making this a high-conviction contrarian call given the stock's premium valuation. EPS estimates have been revised down sharply — 24 downgrades vs 1 upgrade in the last 30 days for the current quarter. Insider selling is heavy, with CEO Cristiano Amon selling $3.65M in early May. The upgrade is a bullish signal from a top-tier firm, but diverges from consensus and insider activity, warranting caution.
Impact Score
Consensus & Targets
Consensus: 5 Strong Buy, 13 Buy (37.5% Buy), 26 Hold (54.2% Hold), 4 Sell (8.3% Sell), 0 Strong Sell. Total 48 analysts. Consensus is heavily tilted toward Hold, with a significant minority of Sell ratings.
Current price: $251.02. Mean target: $177.81, median: $162.50, high: $300, low: $100. Loop Capital's $185 target is 4% above the mean but 26% below the current price. Implied downside to mean is -29.2%.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-05-08 | Tigress Financial | maintain | Buy | $280.00 |
| 2026-05-08 | Daiwa Capital | upgrade | Outperform | $225.00 |
| 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 |
30-day analyst activity: 1 upgrade (Loop Capital), 0 downgrades. However, EPS revisions are sharply negative: 24 downgrades vs 1 upgrade for the current quarter, 26 downgrades vs 2 upgrades for the current fiscal year. Estimates are being revised lower aggressively.
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: 100% accuracy on 2 calls, 6.5% avg return — top tier. Best performing firm on QCOM by accuracy: HSBC (100% on 2 calls, -4.6% avg return). Worst: Barclays (33% on 3 calls, -8.8% avg return). Loop Capital's call is above consensus and contrarian.
Earnings Estimates
Next earnings: Jul 28, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $2.23 | $2.15 — $2.52 | $9.7B | ↑0 ↓0 |
| +1q | $2.35 | $2.13 — $2.76 | $10.0B | ↑0 ↓0 |
| 0y | $10.80 | $10.47 — $12.29 | $42.4B | ↑0 ↓0 |
| +1y | $10.64 | $9.24 — $12.71 | $42.5B | ↑1 ↓0 |
Cross-Platform Signals
Insider selling is heavy: CEO Cristiano Amon sold $3.65M on May 4-5, CFO Akash Palkhiwala sold $12K, other executives sold $736K. Congressional selling: Rep. Sara Jacobs sold $1M-$2M on May 6-7. Institutional: Norges Bank exited a $2.59B position, Renaissance Technologies exited, Two Sigma reduced 88.9%. Short interest is 58.7% of float — extremely high. The analyst upgrade diverges sharply from insider, institutional, and congressional selling signals.
Actionable Insight
Loop Capital's upgrade is a high-accuracy contrarian call, but the overwhelming negative signals from insiders, institutions, and EPS revisions suggest caution. Traders should treat this as a potential short-term catalyst but not a long-term endorsement given the 58.7% short interest and 29% implied downside to consensus.
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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