Rosenblatt Rates QUALCOMM (QCOM) buy, $265 Price Target
Rosenblatt reaffirms its positive stance on QUALCOMM Incorporated with a $265 price target as shares trade around $189.39, a 39.92% upside from the current price.
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Rosenblatt rated QUALCOMM Incorporated ($QCOM) "buy" with a $265 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
- Rosenblatt analyst Kevin Cassidy reiterated a buy rating on QUALCOMM Incorporated with a $265 price target on June 25, 2026.
- Rosenblatt's $265 price target implies 39.92% upside from QUALCOMM Incorporated's ($QCOM) current $189.39 share price.
- QUALCOMM Incorporated shares traded around $189.39, sitting between its 52-week low of $121.99 and high of $259.92.
- The chipmaker carries a price-to-earnings ratio of 20.65 and a forward P/E ratio of 17.51, backed by a 2.06% dividend yield.
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Rosenblatt Reaffirms Qualcomm View
On June 25, 2026, Rosenblatt analyst Kevin Cassidy reiterated a buy rating on QUALCOMM Incorporated (NASDAQ:QCOM), keeping a $265.00 price target on the semiconductor stock. The firm continues to back the wireless technology developer as shares change hands near $189.39.
Rosenblatt vs. the S&P 500
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Stock Performance and Valuation
QUALCOMM Incorporated shares trade well above their 52-week low of $121.99 and below the 52-week high of $259.92. The stock sits above both its 50-day moving average of $174.77 and its 200-day moving average of $169.37. The company sports a price-to-earnings ratio of 20.65 and a forward P/E ratio of 17.51.
$QCOM price target
QUALCOMM Incorporated daily closes and this analyst's $265 target. Not advice.
Recent Earnings Context
QUALCOMM Incorporated reported $44.07 billion in revenue over the trailing period, accompanied by a net profit margin of 21.01% and a return on equity of 33.75%. Earnings per share stand at $8.64, while annual revenue growth dipped 4.0%. The company's next earnings report is scheduled for November 4, 2026.
Dividend Profile
Income-focused investors collect a dividend yield of 2.06% from QUALCOMM Incorporated. The payout is supported by a dividend payout ratio of 41.55%, leaving room for the chipmaker to return capital while funding research and development.
Wall Street Analyst Coverage
Wall Street firms maintain varied opinions on QUALCOMM Incorporated, with a consensus recommendation of hold across 30 analyst opinions. On September 10, 2026, Piper Sandler initiated coverage with a neutral rating and a $190.00 price target. Earlier, on September 9, 2026, RBC Capital maintained a sector perform rating with a $180.00 target, while Rosenblatt maintained a buy rating with a $235.00 target. Additional updates came on July 30, 2026, when Benchmark maintained a buy rating with a $270.00 target, UBS maintained a neutral rating with a $170.00 target, Susquehanna maintained a neutral rating with a $160.00 target, RBC Capital maintained a sector perform rating with a $160.00 target, and Citigroup maintained a neutral rating with a $175.00 target. Across the broader analyst community, price targets average $194.13, stretching from a low of $100.00 to a high of $400.00.
Inside QUALCOMM Incorporated's Business
QUALCOMM Incorporated develops foundational technologies for the global wireless industry through segments that build integrated circuits, system software, and intellectual property licenses. The company supplies connectivity chips for mobile devices, automotive systems, and internet of things products. It also invests in early-stage technology ventures spanning artificial intelligence and cloud infrastructure.
What to Watch at QUALCOMM Incorporated
Investors will track upcoming analyst revisions and broader semiconductor sector trends ahead of QUALCOMM Incorporated's next scheduled earnings release on November 4, 2026. Market participants should also monitor regulatory filings for further updates on institutional ownership changes.
Related Filing Alerts
Source: Rosenblatt's rating change on $QCOM (Jun 25, 2026). Written by software, not financial advice. How we make alerts