Qualcomm (QCOM) stock has risen 30.1% over the past week, 71.5% over the past month, and 54.4% over the past year, making it one of the more eye-catching movers in the chip space. Despite this sharp rally, Wall Street’s analysts are neutral overall, with a Hold consensus and a 12‑month average price target of $176.59, below the last close of $219.09.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The main bullish voice comes from Ivan Feinseth of Tigress Financial Partners, who reiterated his Buy rating on QCOM on May 8, 2026. He lifted his 12‑month price target to $280, signaling confidence that Qualcomm can keep compounding value even after its recent surge.
Feinseth argues that Qualcomm is evolving from a traditional CDMA leader into the architect of intelligent connectivity. In his view, Q2 2026 results showed how AI agent devices, a breakout in automotive and IoT growth, and a new $20 billion buyback are reshaping the company’s growth profile.
He highlights Qualcomm’s AI “flywheel,” where advances in edge AI, XR, and always‑on personal AI devices reinforce each other and drive reacceleration across businesses. The automotive platform, including the digital chassis, is gaining scale and positioning Qualcomm at the heart of next‑generation vehicles.
According to TipRanks, this N‑star analyst ranks 642 out of 12,193, with a success rate of about 57.5% and an average return of 11.4% per rating, giving investors some context for his bullish call. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.