Wells Fargo Qualcomm · QCOM

Wells Fargo Lowers Qualcomm Price Target to $170

1 min read Reproduced verbatim
Rating
Equal Weight
Unchanged
Target
$170
from $265 (−36%)
Outcome
Reached
on August 31, 2026
Wells Fargo and Qualcomm logos

What the analyst said

Wells Fargo analyst Aaron Rakers lowered the price target on Qualcomm (NASDAQ: QCOM) to $170 (from $265) while maintaining an Equal Weight 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 $162. 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 +4% (from $156). 12-month window: day 95 of 365, closes on July 30, 2027.

Track record

This call✓ Target reached on August 31, 2026, 32 days after the note.

Firm track recordWells Fargo: 65% of its 34 targets at least a year old were reached within 12 months (#22 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 →

Wells Fargo on Qualcomm

Wells Fargo price targets on Qualcomm

6 calls from February 5, 2026 to July 30, 2026. The target went from $135 to $170 (+26%). The rating moved from Sell to Hold.

Wells Fargo targetQCOM share price
  1. July 30, 2026 This noteTarget cut from $265 (−36%)Hold$170
  2. June 25, 2026Target raised from $230 (+15%)Hold$265
  3. June 12, 2026Target raised from $160 (+44%)Hold$230
  4. April 30, 2026Target raised from $150 (+7%)Hold$160
  5. February 24, 2026Upgraded to Hold, target raised from $135 (+11%)Hold$150
  6. February 5, 2026Earliest call shownSell$135
Share

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
Share on
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.