Baird Qualcomm · QCOM

Baird Raises Qualcomm Price Target to $400

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$400
from $300 (+33%)
Upside
+131%
QCOM at $173 today
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What the analyst said

Baird analyst Tristan Gerra raised the price target on Qualcomm (NASDAQ: QCOM) to $400 (from $300) while maintaining an Outperform rating.

“We view the accelerated Apple exit timeline as incrementally positive.

Revenue diversification is at a turning point, with data center revenue expected to reach $5B in F2027 (11% of our total revenue estimate) and handsets below 50% of total revenue each quarter next year.

We believe agentic-AI run smartphones could spell the beginning of a unit and content rebound starting in 2028. Outperform-rated.”

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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 $173. The 13 analysts who set a target in the last 3 months range from $150 to $320, with a median of $190. This $400 target is 111% above the median, the highest on the Street.

Since the note QCOM has moved +11% (from $156). 12-month window: day 98 of 365, closes on July 30, 2027.

Track record

This callOpen: QCOM has not reached $400 yet. This 12-month target is scored on July 30, 2027.

Firm track recordBaird: 90% of its 30 targets at least a year old were reached within 12 months (#1 of 26 firms). Accuracy ranking →

Earnings reactionOne of 13 notes after Qualcomm’s Jul 29 results: 1 raised · 12 cut · 0 kept. See every call →

Baird on Qualcomm

Baird price targets on Qualcomm

5 calls from February 5, 2026 to November 5, 2026. The target went from $177 to $320 (+81%). The rating stayed Buy.

Baird targetQCOM share price
  1. November 5, 2026Target cut from $400 (−20%)Buy$320
  2. October 8, 2026Kept the $400 targetBuy$400
  3. July 30, 2026 This noteTarget raised from $300 (+33%)Buy$400
  4. April 30, 2026Target raised from $177 (+69%)Buy$300
  5. February 5, 2026Earliest call shownBuy$177
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Other analysts on Qualcomm

Morgan StanleyHold Cut price target −10%, kept rating Nov 5 $197from $220 JP MorganHold Cut price target −7%, kept rating Nov 5 $200from $215 RosenblattBuy Cut price target −13%, kept rating Nov 5 $205from $235 SusquehannaHold Cut price target −11%, kept rating Nov 5 $165from $185 BarclaysSell Cut price target −17%, kept rating Nov 5 $150from $180
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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.