JP Morgan Qualcomm · QCOM

JPMorgan Lowers Qualcomm Price Target to $185

Analyst: Samik Chatterjee 1 min read Reproduced verbatim
Rating
Overweight
Target
$185
from $195 (−5%)
Outcome
Reached
on May 5, 2026
JP Morgan and Qualcomm logos

What the analyst said

JPMorgan analyst Samik Chatterjee lowered the price target on Qualcomm (NASDAQ: QCOM) to $185.00 (from $195.00) while maintaining an Overweight rating.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

QCOM trades at $164. The 9 analysts who set a target in the last 3 months range from $155 to $400, with a median of $185. This $185 target is in line with the median.

Since the note QCOM has moved +10% (from $149). 12-month window: day 271 of 365, closes on February 5, 2027.

Track record

This call✓ Target reached on May 5, 2026, 3 months after the note.

Firm track recordJP Morgan: 63% of its 27 targets at least a year old were reached within 12 months (#23 of 26 firms). Accuracy ranking →

Earnings reactionOne of 15 notes after Qualcomm’s Feb 4 results: 0 raised · 12 cut · 1 kept. See every call →

JP Morgan on Qualcomm

JP Morgan price targets on Qualcomm

4 calls from February 5, 2026 to July 30, 2026. The target went from $185 to $215 (+16%). The rating moved from Buy to Hold.

JP Morgan targetQCOM share price
  1. July 30, 2026Target raised from $160 (+34%)Hold$215
  2. April 30, 2026Target raised from $140 (+14%)Hold$160
  3. April 16, 2026Downgraded to Hold, target cut from $185 (−24%)Hold$140
  4. February 5, 2026 This noteEarliest call shownBuy$185
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Other analysts on Qualcomm

BernsteinHold Cut price target −6%, kept rating Nov 2 $155from $165 StoneXBuy Kept rating and price target Nov 2 $270maintained SusquehannaHold Raised price target +16%, kept rating Oct 21 $185from $160 TD CowenBuy Raised price target +14%, kept rating Oct 19 $200from $175 BairdBuy Kept rating and price target Oct 8 $400maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.