Barclays Rates QUALCOMM (QCOM) sell, $245 Price Target

Barclays sticks to a cautious stance on QUALCOMM Incorporated while other Wall Street firms adjust their targets, a 29.82% upside from the current price.

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Barclays rated QUALCOMM Incorporated ($QCOM) "sell" with a $245 price target on June 25, 2026.

Since the rating, $QCOM is down 14.0% after 1 week, down 17.0% after 1 month and down 15.6% to date (from the $203.79 close on Jun 25, 2026).

QCOM QUALCOMM Incorporated
$172.11 +1.05% year to date
Daily close · Oct 16, 2026

Key Points

  • Barclays analyst Tom O'Malley reiterated a sell rating on QUALCOMM Incorporated on June 25, 2026, keeping the price target at $245.00.
  • Barclays's $245 price target implies 29.82% upside from QUALCOMM Incorporated's ($QCOM) current $188.72 share price.
  • The wider analyst community follows a hold consensus across thirty opinions, featuring a mean target of $194.13.
  • QUALCOMM Incorporated trades near $188.72, backed by a trailing price-to-earnings ratio of 20.65.

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Barclays Stays Bearish on QUALCOMM Incorporated

Barclays has kept its cautious outlook on QUALCOMM Incorporated (NasdaqGS: QCOM), with analyst Tom O'Malley reaffirming a sell rating on June 25, 2026. The firm maintained its price target at $245.00, placing its valuation well above the stock's current trading level. This call highlights a divergence from several peers on Wall Street who view the wireless technology developer through a more mixed lens.

Analyst rating track record

Barclays vs. the S&P 500

YTD return +19.53% hypothetical
All-time return +36.30% S&P 500 +38.98%
vs. S&P 500 -2.68% behind the index

Hypothetical returns from Barclays's disclosed trades, not real profit or advice. How we model this.

Wall Street Analyst Views and Price Targets

Other major financial institutions have updated their stances on the semiconductor firm across recent months. On September 10, 2026, Piper Sandler initiated coverage with a neutral rating and a $190.00 price target. Days earlier on September 9, 2026, RBC Capital maintained a sector perform rating while lifting its target to $180.00 from $160.00, while Rosenblatt kept a buy rating and a $235.00 price target. Back on July 30, 2026, Benchmark held a buy rating with a $270.00 target, UBS kept a neutral rating at a $170.00 target, Susquehanna stayed neutral at $160.00, and Citigroup maintained a neutral stance at $175.00. Across thirty total opinions, the consensus recommendation rests at hold with a mean price target of $194.13.

Stock Valuation and Performance Context

Shares of QUALCOMM Incorporated recently exchanged hands at $188.72. The equity moves within a 52-week range spanning from a low of $121.99 up to a high of $259.92. The corporation operates with a market capitalization of roughly $190.5 billion. Its trailing price-to-earnings ratio sits at 20.65, accompanied by a forward price-to-earnings ratio of 17.51.

12-month forecast

$QCOM price target

QUALCOMM Incorporated daily closes and this analyst's $245 target. Not advice.

Dividend and Yield Details

Income-focused participants track the firm's payout structure closely. The stock carries a dividend yield of 2.06%. Management funds this distribution using a payout ratio of 41.55%, balancing shareholder returns with capital reinvestment into chip design and wireless connectivity systems.

Inside the Core Business Operations

QUALCOMM Incorporated builds foundational technologies for the global mobile and wireless sectors. The enterprise designs integrated circuits and system software for handsets, automotive systems, and internet-connected equipment through its QCT segment. It also manages an intellectual property licensing division that holds vital patents for cellular standards. Furthermore, the company invests in early-stage ventures and artificial intelligence infrastructure collaborations.

Upcoming Reporting and Monitoring the Outlook

Market participants will look toward the next scheduled financial update on November 4, 2026, for fresh insights into segment revenues and margin health. As analysts continue to adjust price targets following shifting demand cycles in mobile chips, tracking these revisions offers a window into institutional sentiment.

Source: Barclays's rating change on $QCOM (Jun 25, 2026). Written by software, not financial advice. How we make alerts

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