Mizuho Qualcomm · QCOM

Mizuho Raises Qualcomm Price Target to $170

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Neutral
Target
$170
from $140 (+21%)
Outcome
Reached
on April 30, 2026
Mizuho and Qualcomm logos

What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on Qualcomm (NASDAQ: QCOM) to $170.00 (from $140.00) while maintaining a Neutral rating.

“QCOM reported an in-lline MarQ at $10.6B and guided JunQ below consensus to $9.6B, down 9% q/q with softer handsets.

Key Highlights: 1) JunQ QCT guided down 10% q/q with Handsets down 18% q/q with QCOM under-shipping slowing China Handset OEMs and SepQ handset rebound, though we believe with iPhone loss and modest China handsets this could still be a challenge, 2) we continue to see 2026E handset shipments down ~10% y/y (Link) and China OEMs potentially down 10-20% y/y, 3) JunQ Autos up ~11% q/q with SD Drive Cockpit, and IoT up 5% q/q with stronger industrial, and 4) Sees DecQ first Custom Silicon for hyperscaler.

Maintain Neutral, Adjusting estimates, PT to $170 from $140 as we see QCOM continued handset headwinds and Optimism on “ASIC” starting DecQ driving stock upside in AH.

QCOM is hosting Jun24 NYC investor day detailing the data center opportunity.”

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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 $163. The 9 analysts who set a target in the last 3 months range from $155 to $400, with a median of $185. This $170 target is 8% below the median.

Since the note QCOM has moved +5% (from $156). 12-month window: day 187 of 365, closes on April 30, 2027.

Track record

This call✓ Target reached on April 30, 2026, 0 days after the note.

Firm track recordMizuho: 88% of its 68 targets at least a year old were reached within 12 months (#2 of 26 firms). Accuracy ranking →

Earnings reactionOne of 17 notes after Qualcomm’s Apr 29 results: 16 raised · 0 cut · 0 kept. See every call →

Mizuho on Qualcomm

Mizuho price targets on Qualcomm

6 calls from January 9, 2026 to July 30, 2026. The target went from $175 to $170 (−3%). The rating stayed Hold.

Mizuho targetQCOM share price
  1. July 30, 2026Target cut from $210 (−19%)Hold$170
  2. June 29, 2026Target raised from $170 (+24%)Hold$210
  3. April 30, 2026 This noteTarget raised from $140 (+21%)Hold$170
  4. February 5, 2026Target cut from $160 (−13%)Hold$140
  5. January 26, 2026Target cut from $175 (−9%)Hold$160
  6. January 9, 2026Earliest call shownHold$175
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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.