Price Prediction: Qualcomm Stock Will Trade at This Price in 2028

Qualcomm (NASDAQ:QCOM) conscionable did thing I did not expect this year. Shares roseate 27.2% successful a azygous week and beryllium astatine $248.82, with the banal up 46.41% twelvemonth to date.

CEO Cristiano Amon told investors past month, "We are successful a play of profound manufacture transformation, the emergence of AI agents is reshaping our roadmap crossed each level we develop." The question I privation to answer: tin Qualcomm scope $400 per stock by 2028?

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

What Held Qualcomm Back Before This Rally

For astir of the archetypal 4th of 2026, Qualcomm was the semi cipher wanted. The banal bottomed adjacent $129.39 successful March connected representation proviso constraints and Chinese OEM softness. Handset revenue, inactive the largest line, fell 13% twelvemonth implicit twelvemonth to $6.024B successful Q2 FY26.

Q3 guidance calls for gross of conscionable $9.2B to $10B and EPS of $2.10 to $2.30, a measurement down sequentially. With a beta of 1.493, the banal magnifies immoderate wobble. Add successful the long-running Apple modem vertical integration hazard and you person the crushed this sanction traded similar a worth trap for months.

Wall Street Sees Downside. Our Model Sees 37%+ Upside

Here is wherever statement and I portion ways. The Street's mean people is $177.81, good beneath today's price, with 1 Strong Buy, 10 Buy, 22 Hold, 2 Sell, and 2 Strong Sell ratings. Only 30% of analysts are bullish.

Our 24/7 basal lawsuit for 2028 is $340.92, the bull lawsuit $375.82, with a 90% assurance read. Analysts person not absorbed the information halfway pivot. Qualcomm grew quarterly net 173% twelvemonth implicit twelvemonth and combined Auto positive IoT climbed 27% successful FY25. The Hold-heavy publication looks stale to me.