Mizuho Qualcomm · QCOM

Mizuho Raises Qualcomm Price Target to $210

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Neutral
Target
$210
from $170 (+24%)
Upside
+29%
QCOM at $163 today
Mizuho and Qualcomm logos

What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on Qualcomm (NASDAQ: QCOM) to $210.00 (from $170.00) while maintaining a Neutral rating.

“QCOM hosted its 2026 Investor Day.

Key Points: 1) QCOM announced incremental >$15B data center revenue by F29E, up ~50x with Dragonfly portfolio of AI accelerators, CPUs, DSP, custom silicon, 2) Auto revs expected to ramp toward $10B by F29E (up from $8B prior), with auto pipeline at >$65B (up from 2024’s >$45B) with Snapdragon Digital Chassis, sensors, and ADAS L2+ driving content growth, 3) IoT growing with robotics, personal AI, as key verticals with QCOM targeting $14B revs by F29E, and 4) total non-handset revs expected to climb to $40B by F29E (nearly 2x from prior $22B target) representing 40% CAGR (F25-29E), with handset exposure potentially dropping <1/3 of revs (est. ~$20B).

Reiterate Neutral, raise estimates and PT to $210 from $170, as we see headwinds in consumer handsets offset by potential longer term DC/Auto/IoT ramps."

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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 $210 target is 14% above the median.

Since the note QCOM has moved −14% (from $189). 12-month window: day 127 of 365, closes on June 29, 2027.

Track record

This callOpen: QCOM has not reached $210 yet. This 12-month target is scored on June 29, 2027.

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

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, 2026 This noteTarget raised from $170 (+24%)Hold$210
  3. April 30, 2026Target 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.