Rosenblatt Reiterates Buy Rating on QUALCOMM with $265 Target
Rosenblatt reaffirms its bullish stance on QUALCOMM, setting a $265 price target, a 39.92% upside from the current price.
Key Points
- Rosenblatt reiterated its buy rating on QUALCOMM (QCOM) with a $265 price target, as announced on June 25, 2026.
- Rosenblatt's $265 price target implies 39.92% upside from QUALCOMM Incorporated's ($QCOM) current $189.39 share price.
- QUALCOMM's shares traded at $197.41 on Thursday, with a market cap of approximately $233.9 billion and a P/E ratio of 23.9.
- Insider transactions include planned sales by executives, and analysts maintain varied ratings with targets from $190 to $280.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Rosenblatt has reiterated its buy rating for QUALCOMM Incorporated (NasdaqGS: QCOM), maintaining a bullish stance with a price target of $265. This update was provided by analyst Kevin Cassidy on June 25, 2026, reinforcing confidence in the semiconductor giant's future performance.
Rosenblatt 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
BlackRock, Inc. grew its holdings by 5,875,924 shares, ending with 106,015,881 shares valued at about $13.65 billion. 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. Vanguard Portfolio Management LLC also initiated a new position, holding 34,192,863 shares valued at $4.40 billion. Charles Schwab Investment Management Inc significantly increased its position by 24,234,489 shares, reaching 30,864,702 shares worth about $3.97 billion.
QUALCOMM Incorporated Stock Up 15.3%
Shares of NasdaqGS:QCOM traded near $197.41 on Thursday. QUALCOMM has a market cap of approximately $233.9 billion, a P/E ratio of 23.9, and a forward P/E of 20.8. The stock's beta is 1.596, indicating higher volatility compared to the market. It has a 52-week low of $121.99 and a high of $259.92. The 50-day moving average is $191.43, while the 200-day moving average stands at $166.81. The company's current ratio is 2.37, with a quick ratio of 1.45 and a debt-to-equity ratio of 55.98.
$QCOM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
QUALCOMM reported revenue of $44.49 billion, reflecting a slight decline with a revenue growth rate of -3.5%. The company posted an EPS of $9.29, with a net margin of 22.3% and a return on equity of 36.1%. The next earnings report is expected on July 29, 2026.
Dividend
QUALCOMM pays an annual dividend rate of $3.68, yielding 1.63% with a payout ratio of 38.3%.
Insider Buying and Selling at QUALCOMM Incorporated
On June 11, 2026, EVP, CFO & COO Akash Palkhiwala sold 2,500 shares at an average price of $197.35 as part of a planned sale. Patricia Grech, SVP and Chief Accounting Officer, sold 829 shares at $201.77 on May 21, 2026, also under a planned sale. On May 20, Grech sold 440 shares at $202.51, alongside other transactions that day.
Analysts Set New Price Targets
On June 25, 2026, Susquehanna maintained a hold rating with a $190 target, while Cantor Fitzgerald also maintained a hold rating but with a $220 target. Rosenblatt reaffirmed its buy rating with a $265 target. B of A Securities maintained a sell rating with a $195 target on June 23, 2026. The consensus recommendation is a hold, with an average target price of $183.83 among 30 analysts.
About QUALCOMM
QUALCOMM Incorporated, headquartered in San Diego, California, is a leader in the technology sector, specifically within semiconductors. The company develops and commercializes foundational technologies for the wireless industry worldwide. It operates through segments like Qualcomm CDMA Technologies, Qualcomm Technology Licensing, and Qualcomm Strategic Initiatives, supporting mobile, automotive, IoT, and more. Led by CEO Mr. Cristiano Renno Amon, QUALCOMM employs around 52,000 people.
Bottom Line
QUALCOMM continues to be a focal point for investors, with Rosenblatt reiterating its buy rating and setting a $265 target. Institutional interest remains robust, with significant activity from major funds. Investors keep a close watch on QUALCOMM's performance, especially with the upcoming earnings report. Remember, analyst ratings and price targets are based on projections and should not be seen as direct investment advice.
Get QUALCOMM Incorporated alerts
New 13F filings, insider trades, and analyst moves on $QCOM, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.