Simply Wall St
Tue, October 28, 2025 at 12:16 AM EDT 4 min read
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QUALCOMM's consensus analyst price target has inched upward, moving from $177.71 to $179.67 per share. This reflects a cautiously optimistic shift among market watchers. This adjustment follows mixed reactions to the company's increased focus on AI and the resulting strategic announcements, which have prompted both bullish and bearish perspectives from analysts. Stay tuned to discover how you can follow the evolving narrative as QUALCOMM's outlook continues to shift in response to its bold moves in the AI sector.
What Wall Street Has Been SayingRecent analyst commentary on QUALCOMM highlights a dynamic mix of optimism around the company's execution in AI and growth prospects, tempered by some caution over valuation and competitive pressures. Below is a synthesis of the major themes emerging from Street research over the past quarter.
?? Bullish Takeaways
- Arete upgraded QUALCOMM to Buy from Neutral, citing building momentum and raising the price target to $200 from $172. The analyst sees fundamental health in the business and expects momentum to accelerate in fiscal years 2027 because of advances in driver-assistance, robotics, personal AI devices, datacenter, and industrial automation.
- Bernstein’s Stacy Rasgon observed that QUALCOMM’s new AI chip and rack-scale datacenter products, along with a large-scale partnership with HUMAIN in Saudi Arabia, are attracting increased market attention. Rasgon remarked it is not unreasonable for QUALCOMM to start receiving credit as part of the "AI play" thesis and maintains an Outperform rating.
- Piper Sandler acknowledged QUALCOMM’s solid execution in its diversification strategy, noting progress in automotive and IoT markets. While the firm revised its price target to $175 from $190, it kept an Overweight rating and recognized continued positioning for growth.
- Analysts across these firms reward QUALCOMM’s consistent execution and transparency, pointing to effective cost control and clear communication of strategic initiatives as key strengths.
?? Bearish Takeaways
- Wells Fargo maintained an Underweight rating and set a $140 price target. The firm highlighted intensifying competition in AI datacenter hardware and questioned the scale and duration of near-term upside even as they acknowledged the $2 billion revenue potential from the HUMAIN deal.
- Key reservations among cautious analysts focus on valuation. Some believe recent AI-driven enthusiasm could already be reflected in the current stock price, and there are concerns regarding QUALCOMM's ability to sustain growth against significant industry rivals.
Altogether, analyst sentiment suggests that QUALCOMM is being recognized for its strategic moves in AI and diversification, though some remain skeptical about how much future growth is already factored into its price. Investors appear to be weighing QUALCOMM’s strong execution and new opportunities against persistent competitive and valuation risks as they reassess the stock’s outlook.
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