Can Qualcomm Hit $300 This Year? Here’s The Answer

Qualcomm (NASDAQ:QCOM) conscionable had 1 of its astir convulsive single-day reversals of the year, and the question connected each shareholder's caput is whether $228.99 tin go $300 earlier the calendar flips. Based connected our proprietary model, the reply is yes, though the way volition beryllium volatile.

Our 24/7 Wall St. terms people for QCOM banal is $300.25, implying 31.12% upside implicit the adjacent 12 months. We complaint QCOM a bargain with 90% confidence, the higher extremity of our condemnation scale.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Qualcomm didn't marque the cut. Grab the names FREE today.

24/7 Wall St. Price Target Summary

From Record High to Computex Shock successful One Session

QCOM closed June 1 astatine $228.99, down 8.78% connected the time aft NVIDIA (NASDAQ:NVDA) utilized Computex to motorboat the RTX Spark Superchip astatine 100+ TOPS against Qualcomm's Snapdragon X Elite astatine 45 TOPS. Microsoft (NASDAQ:MSFT) besides reportedly eased Copilot+ PC hardware exclusivity, removing a structural tailwind. Despite that, QCOM is inactive up 34.74% YTD and 61.4% implicit 1 year, sitting 32% beneath its 52-week precocious of $259.92.

Fundamentals stay intact. Q2 FY26 delivered Non-GAAP EPS of $2.65 against a $2.556 consensus, the 4th consecutive EPS beat. Automotive acceptable a grounds astatine $1.326 billion, up 38% YoY, and IoT grew 9%, offsetting a 13% handset diminution tied to representation proviso constraints.

The Case for $330 and Beyond

Our bull lawsuit targets $329.96 by June 2027, a 44.09% return. The setup hinges connected 3 catalysts. First, the caller Dragonfly information halfway brand, with AI200 and AI250 accelerators, a Humain proviso agreement, and a ByteDance ASIC shipment successful 2026, opens a multi-billion dollar gross watercourse by fiscal 2027.

Second, CEO Cristiano Amon confirmed "a starring hyperscaler customized silicon engagement is connected way for archetypal shipments aboriginal this calendar year." Third, the June 24 Investor Day connected Data Center and Physical AI could reset guardant estimates higher. CFRA maintains a Buy, and superior instrumentality remains assertive with a $20 cardinal repurchase authorization.