Benchmark Reiterates Buy Rating for QUALCOMM
Benchmark maintains a buy rating for QUALCOMM with a $300 price target, a 58.97% upside from the current price.
Key Points
- Benchmark reiterated its buy rating on QUALCOMM with a $300 price target as of June 26, 2026.
- Benchmark's $300 price target implies 58.97% upside from QUALCOMM Incorporated's ($QCOM) current $188.72 share price.
- Shares of QCOM traded around $204.9 on Friday, with a market cap of approximately $216 billion.
- Insiders at QUALCOMM have been active, with recent planned sales by executives in June 2026.
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Benchmark has reiterated its buy rating for QUALCOMM Incorporated (NasdaqGS: QCOM) with a price target of $300. This update was announced on June 26, 2026, by analyst Cody Acree. The analyst's stance on the stock remains bullish, suggesting confidence in QUALCOMM's future performance.
Benchmark vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in QUALCOMM
Several major funds have adjusted their positions in QUALCOMM. BlackRock, Inc. increased its holdings by 5,875,924 shares, bringing its total to 106,015,881 shares valued at about $13.65 billion, a 5.9% increase. Vanguard Capital Management LLC opened a new position with 69,341,312 shares worth approximately $8.93 billion. State Street Corp reduced its stake by 854,343 shares, leaving it with 52,091,726 shares valued at $6.71 billion, reflecting a 1.6% decrease. Charles Schwab Investment Management Inc significantly boosted its stake by 24,234,489 shares, ending with 30,864,702 shares worth about $3.97 billion, marking a 365.5% increase.
QUALCOMM Incorporated Stock Up 14.9%
As of Friday, QUALCOMM's shares traded at around $204.9. The company has a market capitalization of roughly $216 billion. Its P/E ratio stands at 22.03, with a forward P/E of 18.68. The stock's beta is 1.596, indicating higher volatility compared to the market. QUALCOMM's 52-week trading range is between $121.99 and $259.92, with moving averages of $197.60 (50-day) and $167.77 (200-day).
$QCOM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
QUALCOMM reported revenue of approximately $44.49 billion, with a slight decline in revenue growth at -3.5%. The company's net margin is 22.31%, and it boasts a return on equity of 36.08%. The next earnings report is anticipated on July 29, 2026.
Dividend
QUALCOMM offers an annual dividend rate of $3.68, yielding 1.8%. The dividend payout ratio is 38.28%.
Insider Buying and Selling at QUALCOMM Incorporated
Recent insider activity at QUALCOMM includes planned sales by EVP, CFO & COO Akash Palkhiwala, who sold 2,500 shares at an average price of $197.35 on June 11, 2026, and another 2,500 shares at $211.90 on May 12, 2026. SVP and Chief Accounting Officer Patricia Grech sold 829 shares at $201.77 on May 21, 2026, and made additional transactions on May 20, 2026.
Analysts Set New Price Targets
On June 26, 2026, Benchmark maintained its buy rating with a $300 price target. Recently, Barclays maintained a sell rating with a $245 target, UBS held a rating of hold with a $235 target, and Citigroup also maintained a hold rating with a $198 target. The consensus recommendation for QUALCOMM is hold, with an average target price of $213 based on 31 analyst opinions.
About QUALCOMM
QUALCOMM Incorporated, based in San Diego, California, is a leading technology company specializing in the development and commercialization of wireless technology. It operates through segments like Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives. The company, led by CEO Cristiano Renno Amon, employs about 52,000 people and is known for its innovations in mobile devices, automotive systems, and IoT solutions.
Bottom Line
Benchmark's reiterated buy rating and $300 price target for QUALCOMM reflect ongoing confidence in the company's potential. As investors track QUALCOMM's performance, it's important to remember that this analyst rating is a snapshot of opinion as of the date given and may not reflect future market conditions. Always consider the broader context and other available data when assessing investment decisions.
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