QUALCOMM Incorporated (NASDAQ:QCOM) is one of the On May 8, 2026, Daiwa analyst Louis Miscioscia upgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Outperform from Neutral and raised the firm’s price target to $225 from $140.
The analyst said Qualcomm’s fiscal Q2 results were mixed, with strong growth in Automotive and IoT offset by weaker handset performance and softer Q3 guidance
Daiwa added that investor attention is increasingly shifting toward Qualcomm’s emerging data center AI CPU opportunity, which could allow the company to benefit from broader Arm-based AI inference trends while trading at a relatively low valuation compared to other semiconductor names. On the same day, Tigress Financial raised its price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $280 from $270 while maintaining a Buy rating. The firm said Qualcomm is becoming an increasingly attractive investment opportunity as it expands beyond wireless technologies into AI-driven connectivity across devices, vehicles, and data centers.
On May 1, 2026, Baird raised its price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $300 from $177 while maintaining an Outperform rating following the company’s fiscal Q1 results. On April 29, 2026, QUALCOMM Incorporated (NASDAQ:QCOM) reported fiscal Q2 EPS of $2.65, versus the $2.56 consensus estimate, while revenue totaled $10.60B compared to expectations of $10.58B. The company said results were in line with guidance and reflected solid execution despite what it described as a challenging memory environment.