KeyBanc Qualcomm · QCOM

KeyBanc Reiterates Sector Weight on Qualcomm, $160 Price Target

1 min read Reproduced verbatim
Rating
Sector Weight
Unchanged
Target
$160
Downside
−3%
QCOM at $164 today
KeyBanc and Qualcomm logos

What the analyst said

KeyBanc analyst John Vinh reiterated a Sector Weight rating and $160 price target on Qualcomm (NASDAQ: QCOM).

“QCOM today announced a multi-generational agreement with AMZN to support customized silicon for AI DCs, covering AI inference and optical connectivity solutions, including 1.6T and future-gen offerings.

QCOM also issued a warrant to AMZN for up to 25M shares with vesting tied to up to $60B in AMZN revenues over 10 years. QCOM also reiterated $5B in DC revenues in FY27 growing to $15B in FY29.

We view the agreement with AMZN as positive for QCOM as it improves visibility into QCOM’s DC ramp and LT growth.

We remain Sector Weight, as we believe the transition away from handsets will take time.”

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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 $164. The 9 analysts who set a target in the last 3 months range from $155 to $400, with a median of $185. This $160 target is 14% below the median.

Since the note QCOM has moved −6% (from $174). 12-month window: day 55 of 365, closes on September 9, 2027.

Track record

This callOpen: QCOM has not reached $160 yet. This 12-month target is scored on September 9, 2027.

Firm track recordKeyBanc: 79% of its 24 targets at least a year old were reached within 12 months (#12 of 26 firms). Accuracy ranking →

KeyBanc on Qualcomm

KeyBanc price targets on Qualcomm

2 calls from April 30, 2026 to September 9, 2026. The rating stayed Hold.

KeyBanc targetQCOM share price
  1. September 9, 2026 This noteSet a $160 targetHold$160
  2. April 30, 2026Earliest call shownHoldNo target
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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.