Morgan Stanley Rates QUALCOMM (QCOM) hold, $231 Price Target
Morgan Stanley analyst Joseph Moore raised his price target on QUALCOMM Incorporated to $231 on June 25, 2026, maintaining a hold rating as the stock trades around $188.72, a 22.40% upside from the current price.
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Morgan Stanley rated QUALCOMM Incorporated ($QCOM) "hold" with a $231 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
Key Points
- Morgan Stanley analyst Joseph Moore raised his price target on QUALCOMM Incorporated to $231 on June 25, 2026, while keeping a hold rating on the shares.
- Morgan Stanley's $231 price target implies 22.40% upside from QUALCOMM Incorporated's ($QCOM) current $188.72 share price.
- QUALCOMM Incorporated shares recently changed hands at $188.72, sitting comfortably above their 52-week low of $121.99 while trailing the 52-week high of $259.92.
- Wall Street features a consensus hold recommendation for the chip designer, backed by a mean target price of $194.13 across 30 covering analysts.
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Morgan Stanley Analyst Lifts Qualcomm Target
On June 25, 2026, Morgan Stanley analyst Joseph Moore adjusted his outlook on QUALCOMM Incorporated (NasdaqGS: QCOM), raising the price target to $231 while keeping a hold rating on the shares. The updated target sits above the stock's recent trading price, offering a look at how one major firm views the wireless technology developer's potential room to run.
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Where Qualcomm Stock Trades Today
QUALCOMM Incorporated shares changed hands at $188.72 recently. That price puts the semiconductor company well above its 52-week low of $121.99, though it remains below the 52-week peak of $259.92. The stock trades near its 50-day moving average of $174.77 and ahead of its 200-day moving average of $169.37. The company's valuation brings a trailing P/E ratio of 20.65 alongside a forward P/E ratio of 17.51.
$QCOM price target
QUALCOMM Incorporated daily closes and this analyst's $231 target. Not advice.
Wall Street Ratings and Recent Analyst Moves
Other research firms have also adjusted their views on Qualcomm in recent months. On September 10, 2026, Piper Sandler initiated coverage on the stock with a neutral rating and a $190 price target. Earlier on September 9, 2026, RBC Capital maintained its sector perform rating, lifting its target to $180 from $160, while Rosenblatt kept a buy rating and a $235 target. Back on July 30, Benchmark maintained a buy rating with a $270 target, and UBS kept a neutral rating while lowering its target from $190 to $170. Susquehanna also adjusted its stance on July 30, 2026, moving its target down to $160 from $190 with a neutral rating, alongside Citigroup maintaining a neutral rating with a $175 target. Overall, the stock carries a consensus hold rating from 30 analysts, who hold a mean price target of $194.13.
Qualcomm Business Profile
Based in San Diego, California, QUALCOMM Incorporated builds foundational technologies for the global wireless industry. The firm operates through three main divisions, supplying integrated circuits and system software for mobile devices, automotive connectivity, and Internet of Things products. It also licenses portions of its extensive intellectual property portfolio covering 3G, 4G, and 5G cellular standards. With 52,000 employees, the company generates revenue by enabling advanced connectivity across consumer electronics, industrial gear, and edge networking devices.
Earnings and What Comes Next
Investors will look toward the company's next earnings report scheduled for November 4, 2026, for further details on revenue growth and profit margins. The upcoming filings will provide more insight into how the semiconductor developer navigates demand across its mobile and automotive chip segments.
Related Filing Alerts
Source: Morgan Stanley's rating change on $QCOM (Jun 25, 2026). Written by software, not financial advice. How we make alerts