TD Cowen Raises QUALCOMM (QCOM) Price Target to $200
Key Points
- TD Cowen reiterated its Buy rating on QUALCOMM Incorporated on October 19, 2026, lifting its price target from $175.00 to $200.00.
- TD Cowen's $200 price target implies 15.27% upside from QUALCOMM Incorporated's ($QCOM) current $173.50 share price.
- The wireless technology company recently generated annual trailing revenue of $44.07 billion with an EPS of $8.64, heading toward its next earnings update on November 4, 2026.
- Wall Street maintains a consensus hold rating on the stock with an average price target of $194.13, while insiders and institutional investors adjust their positions.
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TD Cowen reaffirmed its Buy rating on QUALCOMM Incorporated on October 19, 2026, while boosting its price target from $175.00 to $200.00. The research note outlines a positive stance on the semiconductor firm as it navigates current market conditions. QUALCOMM Incorporated closed at $173.53 on the day of the rating change.
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QUALCOMM Incorporated
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TD Cowen's Call on QUALCOMM Incorporated
In its research note delivered on October 19, 2026, TD Cowen maintained its Buy rating on QUALCOMM Incorporated while increasing the price target to $200.00 from its previous target of $175.00. Analyst ratings reflect the firm's forward-looking views on the company's operational path and wireless market position.
Other Institutional Activity in QUALCOMM Incorporated
Y-Intercept exited its position entirely by selling 151,891 shares in a report dated October 16, 2026, leaving it with zero shares. Trinity Street Asset Management opened a new stake with 109,666 shares valued at about $20.18 million in a report filed on the same date. Meanwhile, Van Eck Associates Corporation grew its holdings by 3,180,269 shares, ending with 17,202,619 shares worth roughly $2.99 billion following a 22.7% increase reported on June 30, 2026.
QUALCOMM Incorporated Stock Up 0.8%
QUALCOMM Incorporated recently traded around $173.50 as of October 20, 2026, remaining about equal to its closing price on the rating date. The shares trade below their 50-day moving average of $175.12 but stay above their 200-day moving average of $169.38.
$QCOM price target
QUALCOMM Incorporated daily closes and this analyst's $200 target. Not advice.
Recent Earnings
The company generated trailing twelve month revenue of $44.07 billion alongside earnings of $8.64 per share. The firm posted a net profit margin of 21.0% and a return on equity of 33.8%. The next earnings report is scheduled for November 4, 2026.
Dividend
QUALCOMM pays an annual dividend rate of $3.68 per share which translates to a dividend yield of 2.12%. The payout uses 41.5% of the company's earnings.
Insider Buying and Selling at QUALCOMM Incorporated
Company insiders have completed several transactions in recent months. Officer Patricia Y Grech sold 625 shares at $162.85 on August 21, 2026, for a total of $101,781. Chief Operating Officer Akash J Palkhiwala disposed of 2,500 shares on September 11, 2026, valued at $457,129. Chief Executive Officer Cristiano Renno Amon sold 10,000 shares at $195.00 on September 21, 2026, totaling $1.95 million. EVP, General Counsel and Corporate Secretary Ann C Chaplin sold 1,827 shares under a planned trading arrangement at $174.75 on October 16, 2026, worth $319,268.25.
Analysts Set New Price Targets
Benchmark maintains a Buy rating with a $270.00 target, down from $300.00, as of July 30, 2026. RBC Capital maintains a Sector Perform rating with a $180.00 target, raised from $160.00, on September 9, 2026. Rosenblatt maintains a Buy rating with a $235.00 target on September 9, 2026. Piper Sandler initiated coverage with a Neutral rating and a $190.00 target on September 10, 2026. Wall Street analysts currently maintain a consensus hold rating on the stock with a mean price target of $194.13 across 30 analyst opinions.
About QUALCOMM Incorporated
QUALCOMM Incorporated builds foundational technologies for the global wireless industry through its CDMA Technologies, Technology Licensing, and Strategic Initiatives segments. Headquartered in San Diego, California, the company supplies vital components and intellectual property that power mobile devices worldwide.
Bottom Line
Investors will watch for the upcoming earnings announcement on November 4, 2026, to gauge how hardware shipments and licensing revenue are trending. Analyst updates like TD Cowen's price target increase provide context on how Wall Street views the firm's valuation ahead of that report.
Related Filing Alerts
Source: TD Cowen's rating change on $QCOM (Oct 19, 2026). Written by software, not financial advice. How we make alerts