Qualcomm (NASDAQ:QCOM) Raised to “Buy” at DZ Bank

Posted by Francis Steltz on Jun 26th, 2026

Qualcomm (NASDAQ:QCOM – Get Free Report) was upgraded by DZ Bank from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm currently has a $265.00 target price on the wireless technology company’s stock. DZ Bank’s price objective would suggest a potential upside of 29.33% from the stock’s current price.

Several other research firms also recently weighed in on QCOM. Benchmark increased their price target on shares of Qualcomm from $225.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Seaport Research Partners reissued a “sell” rating and set a $100.00 price objective on shares of Qualcomm in a research report on Monday, March 16th. Tigress Financial raised their target price on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday. Finally, Barclays raised Qualcomm from an “underweight” rating to an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $218.03.

Check Out Our Latest Analysis on Qualcomm

Qualcomm Price Performance

NASDAQ QCOM opened at $204.90 on Friday. The stock has a market capitalization of $215.96 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 24.50 and a beta of 1.59. Qualcomm has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The business’s fifty day moving average price is $199.96 and its 200-day moving average price is $167.69.

Qualcomm (NASDAQ:QCOM – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts predict that Qualcomm will post 7.98 earnings per share for the current year.

Qualcomm announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This represents a 7.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,806 shares of company stock worth $3,928,958 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Institutional Trading of Qualcomm

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Qualcomm by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock worth $19,524,350,000 after purchasing an additional 647,076 shares during the period. Geode Capital Management LLC raised its position in shares of Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after buying an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after buying an additional 4,290,622 shares in the last quarter. Norges Bank bought a new position in shares of Qualcomm during the fourth quarter worth $2,591,056,000. Finally, Amundi boosted its position in shares of Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after acquiring an additional 1,138,541 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion, roughly doubling its prior goal, which signals much stronger long-term diversification. Qualcomm Accelerates Diversification with Comprehensive Strategy for Data Center and Sees Multiple Inflection Points Over the Next 3 to 5 Years
Positive Sentiment: The company unveiled a data center AI roadmap targeting more than $15 billion in revenue by fiscal 2029, giving investors a clearer path into a large, fast-growing market. Qualcomm Unveils Comprehensive Data Center Roadmap for the Agentic AI Era with New Qualcomm Dragonfly Portfolio
Positive Sentiment: Qualcomm announced a multi-generation data center CPU partnership with Meta, which validates its push into AI infrastructure and could help establish its chip lineup in a new customer base. Qualcomm and Meta Announce Strategic Multi-Generation Agreement on Data Center CPUs
Positive Sentiment: Qualcomm also expanded its relationship with Hugging Face and struck a deal to acquire AI software firm Modular, strengthening its software stack and supporting its edge-to-cloud AI strategy. Qualcomm and Hugging Face Expand Relationship to Advance Open, Developer-Driven AI from Device to Cloud Qualcomm to buy AI startup Modular
Positive Sentiment: Wall Street sentiment improved after investor day, with multiple analysts lifting targets and acknowledging Qualcomm’s AI/data center pivot, while unusual call-option buying also pointed to bullish trader positioning.
Neutral Sentiment: Coverage highlighting Qualcomm as a long-term AI stock and billionaire David Tepper holding the name may support investor interest, but these stories are not immediate fundamental catalysts. QUALCOMM Inc. (QCOM) Is One Of Billionaire David Tepper’s Oldest AI Stocks
Neutral Sentiment: Reuters also reported Qualcomm is in talks with ByteDance for chip-design services, which could be a future upside driver but is still only a potential deal. Qualcomm Eyes ByteDance Deal to Expand Chip-Design Business, Reuters Reports

Qualcomm Company Profile

(Get Free Report)

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.