Quick Read – Qualcomm (QCOM) surged 50.62% from its March trough to $200.08 and delivered its fourth consecutive earnings beat with Q2 revenue of $10.6B driven by record Automotive growth of 38% to $1.326B and IoT expansion of 9%, while management confirmed hyperscaler custom…
licon shipments arriving later in 2026. – Qualcomm’s diversification away from handsets into automotive, IoT, and data center custom silicon positions the company for a 34.55% gain to $269 within 12 months as analyst consensus lags behind hyperscaler engagement not yet reflected in consensus pricing. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Qualcomm wasn’t one of them. Get them here FREE
Qualcomm (NASDAQ:QCOM) has staged one of the most dramatic semiconductor rebounds of 2026, ripping 50.62% off its March trough in roughly a month. Yet Reddit sentiment remains negative, and Wall Street’s consensus price target sits well below current levels. Our model suggests bears are looking the wrong direction.
Our 24/7 Wall St. Price Target for Qualcomm Is $269 Qualcomm trades at $200.08. Our 24/7 Wall St. price target is $269.21 over the next 12 months, implying 34.55% upside.