Prediction: Analysts Say Qualcomm Stock Is Set For A Massive Breakout

1 hour ago 3

Vandita Jadeja

Fri, May 22, 2026 astatine 10:15 AM CDT 4 min read

Quick Read

Qualcomm (QCOM) reported Q2 FY26 gross of $10.60B and non-GAAP EPS of $2.65, beating consensus, with automotive gross hitting a grounds $1.33B (+38% YoY) and the institution confirming starring hyperscaler customized silicon engagement is connected way for archetypal shipments aboriginal this calendar year.
Qualcomm’s 51% betterment from March lows reflects a existent diversification communicative beyond handsets into information halfway and automotive, with 24/7 Wall St. projecting $268.83 upside implicit 12 months connected 90% assurance that the hyperscaler silicon engagement becomes a credible caller gross pillar.
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Qualcomm (NASDAQ:QCOM) has staged a singular comeback, recovering 51.2% from its March debased of $129.39 to today's level adjacent $195. The question present is whether the rally has legs oregon has tally up of fundamentals. Our proprietary exemplary says it inactive has country to run.

The 24/7 Wall St. terms people for Qualcomm is $268.83 implicit the adjacent 12 months, implying 37.43% upside from $195.61. Our exemplary carries a 90% assurance level connected this target, reflecting the information halfway and automotive maturation thesis.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Qualcomm wasn't 1 of them. Get them present FREE.

24/7 Wall St. Price Target Summary

Metric

Value

Current Price	$195.61
24/7 Wall St. Price Target	$268.83
Upside	37.43%
Model Outlook	Bullish
Confidence Level	90%

A Sharp Rebound Backed by Real Catalysts

Qualcomm is up 43.62% implicit the past period and 30.25% implicit the past year, though shares pulled backmost 6.99% past week and beryllium 29% beneath the 52-week precocious of $247.90. Q2 FY26 results, reported successful precocious April, bushed connected some lines: gross of $10.60 cardinal and non-GAAP EPS of $2.65 against a $2.56 consensus.

The header metric was the diversification story. Automotive gross deed a grounds $1.33 cardinal (+38% YoY), IoT grew 9%, and handsets fell 13% connected representation proviso constraints crossed Chinese OEMs. CEO Cristiano Amon besides confirmed that the company's "leading hyperscaler customized silicon engagement is connected way for archetypal shipments aboriginal this calendar year."

The Case for $278 and Higher

Bulls reason the guardant P/E of 19x connected a institution posting 38% automotive maturation is excessively cheap. The Alphawave Semi acquisition, completed successful Q1 FY26, opens the information halfway TAM, and the June 24 Investor Day connected Data Center and Physical AI could beryllium a re-rating catalyst.

Our bull lawsuit script projects $278.61 wrong 12 months, a 42.43% return. A caller $20 cardinal buyback authorization positive the $0.89 quarterly dividend reinforces the superior instrumentality story.

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