Qualcomm Stock Could Rally 41% in 12 Months, Says 24/7 Wall St.
24/7 Wall St. set a $258.16 price target on Qualcomm (QCOM), implying 41.1% upside from the July 7 close of $182.97. The firm rates the stock a buy with 90% confidence, driven by Qualcomm's data center pivot and automotive strength.
Key Numbers
24/7 Wall St. has set a 12-month price target of $258.16 on Qualcomm (NASDAQ:QCOM), representing a 41.1% upside from the July 7, 2026 closing price of $182.97. The firm rates the stock a buy with a model confidence level of 90%.
Rating Change
- Previous Rating: Not applicable (new coverage).
- Current Rating: Buy.
- Price Target: $258.16.
- Confidence Level: 90%.
Analyst Rationale
The analysts believe Qualcomm is undervalued after a sharp June pullback. Key drivers include:
- Data Center Pivot: Qualcomm's expansion into server chips for data centers.
- Automotive Strength: Growing revenue from connected car solutions and automotive chips.
- Undervaluation: Current price does not fully reflect the potential of these segments.
Context
Qualcomm's stock experienced a significant decline in June 2026, creating what the analysts see as a buying opportunity. No other major analyst firms have issued competing ratings recently, but the stock trades at an attractive P/E multiple compared to peers.
What to Make of It
24/7 Wall St.'s bullish call highlights Qualcomm's strategic shift toward data centers and automotive, but investors should weigh competitive risks and market volatility before acting.
Frequently Asked Questions
Found this useful? Share it