B of A Securities Rates QUALCOMM (QCOM) sell, $195 Price Target

B of A Securities maintains a sell rating on QUALCOMM with a price target of $195, a 1.22% downside from the current price.

By EarningsIQ Research Desk · Published Jun 23, 2026, 9:01 AM EDT · Updated Jun 25, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

B of A Securities rated QUALCOMM Incorporated ($QCOM) "sell" with a $195 price target on June 23, 2026.

Since the rating, $QCOM is down 9.5% after 1 week, down 16.2% after 1 month and down 15.2% to date (from the $203.03 close on Jun 23, 2026).

QCOM QUALCOMM Incorporated

$172.11 +1.05% year to date

Daily close · Oct 16, 2026

Key Points

B of A Securities reiterated its sell rating on QUALCOMM Incorporated (QCOM) with a price target of $195 on June 23, 2026.
B of A Securities's $195 price target implies 1.22% downside from QUALCOMM Incorporated's ($QCOM) current $197.41 share price.
Currently, QUALCOMM shares are trading at $197.41, just above the target price set by the analyst.
The stock has a P/E ratio of 20.6 and a market cap of approximately $190.5 billion.

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Analysts Set New Price Targets

On June 23, 2026, B of A Securities reiterated its sell rating on QUALCOMM Incorporated (QCOM) with a price target of $195. The stock is currently trading at $197.41, which puts it slightly above the target. Analyst Tal Liani emphasized that the rating remains unchanged despite the stock's recent performance.

Analyst rating track record

B of A Securities vs. the S&P 500

YTD return +3.70% hypothetical

All-time return +26.99% S&P 500 +26.21%

vs. S&P 500 +0.78% ahead of the index

Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.

Stock Performance Context

QUALCOMM shares are trading just above the analyst's target, reflecting a narrow gap that may signal limited upside potential from current levels. The stock has seen a 52-week range from $121.99 to $259.92, indicating significant volatility. The current price is also above the 50-day moving average of $174.77, suggesting it has been performing well in recent trading sessions.

12-month forecast

$QCOM price target

QUALCOMM Incorporated daily closes and this analyst's $195 target. Not advice.

Recent Analyst Opinions

There have been several recent analyst opinions on QUALCOMM. On September 10, 2026, Piper Sandler initiated coverage with a neutral rating and a target of $190. RBC Capital maintained a sector perform rating on September 9, 2026, raising its target from $160 to $180. Additionally, Rosenblatt kept its buy rating on the same day with a target of $235.

What QUALCOMM Incorporated Does

QUALCOMM Incorporated, based in San Diego, California, develops technologies for the wireless industry. It operates through segments focused on chip manufacturing, technology licensing, and strategic investments. The company's technologies are integral to mobile devices and various industries, including automotive and IoT.

What's Ahead for QUALCOMM Incorporated

Investors should keep an eye on QUALCOMM's next earnings report, scheduled for November 4, 2026. The recent analyst ratings reflect a cautious outlook, and the reaffirmed sell rating from B of A Securities may influence market sentiment as the earnings date approaches.