Cantor Qualcomm · QCOM

Cantor Fitzgerald Lowers Qualcomm Price Target to $200

Analyst: C.J. Muse 1 min read Reproduced verbatim
Rating
Neutral
Target
$200
from $220 (−9%)
Outcome
Reached
on June 24, 2026
Cantor and Qualcomm logos

What the analyst said

Cantor Fitzgerald analyst C.J.

Muse lowered the price target on Qualcomm (NASDAQ: QCOM) to $200 (from $220) while maintaining a Neutral rating.

“We look for QCOM to offer a beat for the June Q followed by a September Q guide modestly above consensus.

While we do believe that the June Q will mark the relative bottom for China Android and that CY26 numbers are likely in the right spot (we see CY26 Handset revenues tracking -22% in CY26 to $21.9B vs cons $22.0B), we do think a modest number cut for CY27 is on the come (we see CY27 EPS trending towards $11.00 vs. cons $11.40).

However, with focus squarely around the new DragonFly Data Center portfolio, we see a bias modestly higher for a name trading at just 16x our below-consensus CY27 EPS, and relatively negative investor positioning.

We remain on the sidelines, and given the recent sell-off in broader semis, we are tempering our price target to $200 (reflecting ~18x expected earnings power of ~$11 in CY27).”

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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 $200 target is 8% above the median.

Since the note QCOM has moved −2% (from $167). 12-month window: day 99 of 365, closes on July 27, 2027.

Track record

This call✓ Target reached on June 24, 2026, 2 days after the note. Same target as this firm’s June 22, 2026 note, so it is scored there.

Firm track recordCantor: 79% of its 53 targets at least a year old were reached within 12 months (#11 of 26 firms). Accuracy ranking →

Cantor on Qualcomm

Cantor price targets on Qualcomm

7 calls from February 2, 2026 to July 30, 2026. The target went from $160 to $165 (+3%). The rating stayed Hold.

Cantor targetQCOM share price
  1. July 30, 2026Target cut from $200 (−18%)Hold$165
  2. July 27, 2026 This noteTarget cut from $220 (−9%)Hold$200
  3. June 25, 2026Target raised from $200 (+10%)Hold$220
  4. June 22, 2026Target raised from $150 (+33%)Hold$200
  5. April 30, 2026Target raised from $135 (+11%)Hold$150
  6. February 5, 2026Target cut from $160 (−16%)Hold$135
  7. February 2, 2026Earliest call shownHold$160
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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.