TD Cowen Has Lowered Expectations for Qualcomm (NASDAQ:QCOM) Stock Price

Posted by Stanley Muller on Nov 5th, 2026

Qualcomm (NASDAQ:QCOM – Get Free Report) had its target price lowered by research analysts at TD Cowen from $200.00 to $185.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the wireless technology company’s stock. TD Cowen‘s price objective indicates a potential upside of 17.57% from the stock’s current price.

A number of other brokerages have also issued reports on QCOM. Barclays lowered their target price on shares of Qualcomm from $180.00 to $150.00 and set an “underweight” rating for the company in a research note on Thursday. Oppenheimer set a $200.00 price objective on Qualcomm in a research report on Monday, July 27th. Zacks Research downgraded Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. HSBC restated a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Finally, Piper Sandler restated a “neutral” rating on shares of Qualcomm in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $199.45.

View Our Latest Stock Analysis on Qualcomm

Qualcomm Trading Down 9.1%

Shares of NASDAQ:QCOM traded down $15.84 during trading hours on Thursday, hitting $157.35. 28,930,840 shares of the company’s stock traded hands, compared to its average volume of 15,124,688. The firm has a market capitalization of $168.02 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 3.70 and a beta of 1.70. The business has a fifty day moving average price of $178.23 and a 200-day moving average price of $169.48. 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 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.01. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.00 earnings per share. Equities analysts expect that Qualcomm will post 7.71 earnings per share for the current year.

Insider Activity

In other Qualcomm news, EVP Ann Chaplin sold 1,827 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the transaction, the executive vice president owned 25,770 shares in the company, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer directly owned 177,568 shares in the company, valued at approximately $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 30,258 shares of company stock worth $5,727,616. 0.05% of the stock is currently owned by insiders.

Institutional Trading of Qualcomm

Institutional investors have recently bought and sold shares of the business. Your Advocates Ltd. LLP acquired a new position in Qualcomm during the 1st quarter worth approximately $26,000. ABS Investment Management LLC bought a new position in Qualcomm during the 2nd quarter valued at $34,000. ABS Direct Equity Fund LLC acquired a new position in Qualcomm in the second quarter worth about $34,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Qualcomm in the 3rd quarter worth approximately $35,000. Finally, Team Financial Group LLC bought a new stake in Qualcomm during the third quarter valued at $38,000. 74.35% of the stock is owned by institutional investors and hedge funds.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm reported fiscal Q4 EPS of $2.17 and revenue of about $10.44 billion, edging past consensus. Automotive revenue surged 89%, while the company sees data-center revenue reaching $5 billion in fiscal 2027. QCOM Q4 Earnings Beat Estimates on Robust Automotive Growth
Positive Sentiment: SpaceX selected Qualcomm’s Dragonwing platforms and software for Starlink Mobile’s planned U.S. 5G network, creating a significant infrastructure opportunity. Qualcomm signs major 5G infrastructure deal with SpaceX
Negative Sentiment: Soft profit guidance and margin concerns are overshadowing the earnings beat. Revenue fell 8.4% year over year, with handset sales down sharply; investors are also concerned about declining Apple-related handset revenue and lower margins as newer businesses grow. Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
Negative Sentiment: Analysts have cut price targets: Susquehanna lowered its target to $165 and Rosenblatt reduced its target to $205, although Rosenblatt maintained a Buy rating. Broader chip-sector weakness and concerns about data-center demand added pressure. Qualcomm slides after earnings, leading post-election chip stock sell-off

About Qualcomm

(Get Free Report)

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.