Do Wall Street Analysts Like QUALCOMM’s Stock?

Core Insights - Qualcomm Incorporated (QCOM) is a leading designer of semiconductors, software, and wireless technologies, with a market capitalization of $192.78 billion [1] Stock Performance - Over the past 52 weeks, QCOM's stock has gained 5.8%, and 19.4% over the past six months, but has underperformed the S&P 500 Index, which gained 17.4% and 22.5% respectively [2] - The stock has also underperformed the Technology Select Sector SPDR Fund (XLK), which increased by 30.8% over the past 52 weeks and 43.1% over the past six months [3] Recent Developments - On October 27, QCOM shares surged more than 20% to a new 52-week high following the announcement of its AI200 and AI250 accelerator chips, marking a strategic expansion into the AI data-center market [4] - The new chips are set to launch in 2026 and 2027, focusing on energy-efficient AI inferencing, and were introduced alongside a partnership with Saudi Arabia's HUMAIN for large-scale AI infrastructure development [4] Financial Expectations - For the fiscal year ending September 2025, analysts expect QCOM's EPS to grow 15% year over year to $9.73 on a diluted basis, with a strong history of exceeding consensus estimates [5] - Among 32 Wall Street analysts, the consensus rating for QCOM is a "Moderate Buy," with 14 "Strong Buy," 1 "Moderate Buy," 16 "Holds," and 1 "Strong Sell" [5] Analyst Ratings - The ratings configuration for QCOM has remained stable over the past three months, with Rosenblatt reiterating a "Buy" rating and maintaining a $225 price target, the highest on the Street [6] - The firm emphasized QCOM's 200MW deployment with HUMAIN as a significant strategic milestone, highlighting the company's efforts in diversified growth areas while expanding its smartphone market presence [6]