Vietnam's Shift Towards Chinese Technology: Vietnam has increasingly embraced Chinese telecom firms Huawei and ZTE for 5G contracts, marking a shift from its previous reluctance to use Chinese technology in sensitive infrastructure amid warming relations with Beijing and souring ties with Washington.
Concerns from Western Officials: The awarding of contracts to Chinese companies has raised alarms among Western officials, who worry about potential risks to national security and the implications for Vietnam's access to advanced technologies from the U.S. and its allies.
Economic Integration with China: Vietnam's new contracts with Chinese firms could lead to deeper economic integration with China, as the country prioritizes its own economic needs over Western pressures, despite previous hesitations regarding Chinese technology.
Challenges for Western Suppliers: Western telecom suppliers like Ericsson and Nokia face challenges in working alongside Chinese firms in Vietnam, as concerns about data security and trust in networks persist, complicating the landscape for future collaborations.
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 197.14 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
Wall Street analysts forecast QCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QCOM is 197.14 USD with a low forecast of 165.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 157.800
Low
165.00
Averages
197.14
High
225.00
Current: 157.800
Low
165.00
Averages
197.14
High
225.00
Mizuho
Outperform -> Neutral
downgrade
$200 -> $175
2026-01-09
Reason
Mizuho
Price Target
$200 -> $175
AI Analysis
2026-01-09
downgrade
Outperform -> Neutral
Reason
Mizuho downgraded Qualcomm to Neutral from Outperform with a price target of $175, down from $200. The firm reduced estimates by up to 7%. Mizuho's estimates are now below consensus, as it sees headwinds to Qualcomm's handset shipments and iPhone content in 2026.
Cantor Fitzgerald
C.J. Muse
Neutral
maintain
$170 -> $185
2025-12-16
Reason
Cantor Fitzgerald
C.J. Muse
Price Target
$170 -> $185
2025-12-16
maintain
Neutral
Reason
Cantor Fitzgerald analyst C.J. Muse raised the firm's price target on Qualcomm to $185 from $170 and keeps a Neutral rating on the shares. The SOX is positioned to lead markets higher after outperforming the S&P by roughly 30 points in CY25, supported by the early stages of the AI era driving demand across compute, networking, memory, and equipment, the analyst tells investors in a research note. While cyclical factors may create mixed signals, the macro backdrop and expected exponential growth in AI infrastructure spending support a long position in the SOX and overweight exposure to AI-related plays into CY26, the firm says.
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Citi
Neutral
maintain
2025-11-19
Reason
Citi
Price Target
2025-11-19
maintain
Neutral
Reason
Citi believes Qualcomm (QCOM) may be evaluating Intel Foundry (INTC) for its data center application-specific integrated circuits business, which represents less than 1% of its sales. Citi found Qualcomm job postings with qualifications including Intel's embedded multi-die interconnect bridge packaging technology, the analyst tells investors in a research note. The firm also found Apple (AAPL) and Broadcom (AVGO) job postings that include references to Intel's packaging technology. Citi, which doubts the agreements would be material for Intel, points out the three potential contracts would be for packaging, which brings low pricing and margins. Citi keeps a Neutral rating on Qualcomm and Sell rating on Intel.
Mizuho
NULL -> Outperform
maintain
$185 -> $200
2025-11-06
Reason
Mizuho
Price Target
$185 -> $200
2025-11-06
maintain
NULL -> Outperform
Reason
Mizuho raised the firm's price target on Qualcomm to $200 from $185 and keeps an Outperform rating on the shares.
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
