
QUALCOMM (QCOM) Stock Forecast & Price Target
QUALCOMM (QCOM) Analyst Ratings
Bulls say
Qualcomm is viewed positively because its strategic Amazon agreement strengthens its entry into datacenter AI, validates its custom-silicon and connectivity capabilities, and reduces some uncertainty around its FY26/27 revenue trajectory while management still targets about $5B in FY27 datacenter revenue and roughly $15B in FY29. The company’s appeal also rests on diversification: non-handset businesses already represent about 25% of sales versus 20% 3 years ago, with auto targets raised to $10B and IoT maintained at $14B to $14B+, supporting a more resilient mix beyond mobile. Its leadership in wireless IP, scale, multi-foundry execution, and software-plus-hardware stack across AI, PCs, automotive, and edge markets gives it multiple shots on goal for durable growth and strong earnings power.
Bears say
Qualcomm is facing a weakening fundamentals mix as handset revenue is modeled flattish in FY26 and down mid-single-digits in FY27, with Apple modem sales already 16% of overall sales and expected to decline by 30% in FY26. Its exposure to premium smartphones is pressured by a stronger mix of newer iPhones with internal modems, expected Samsung share falling to 75% levels in 2026 from near 100%, and possible softness in premium Android shipments or slower 5G upgrades. Beyond mobile, limited early uptake in Windows on ARM, slow Auto/IoT design-win conversion, and constrained data center traction with no added customers raise doubts about diversified growth and the path to a $4B PC revenue target by FY29.
This aggregate rating is based on analysts' research of QUALCOMM and is not a guaranteed prediction by Public.com or investment advice.
QUALCOMM (QCOM) Analyst Forecast & Price Prediction
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QUALCOMM (QCOM) Analyst Forecast & Price Prediction
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