Qualcomm Shares Surge on Bullish Upgrades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Should l Buy QCOM?
Source: Benzinga
- Rating Upgrades Drive Stock: Qualcomm shares are rising after Loop Capital analyst Gary Mobley upgraded the stock to Buy with a $185 target, indicating strong market optimism about its future performance.
- AI Chip Potential: Qualcomm's two AI chips for data centers, launched last year, are projected to generate $5 billion to $7 billion in annual revenue starting in 2027, highlighting the underappreciated opportunity in the $100 billion AI inference market.
- Strategic Acquisitions Enhance Competitiveness: Wells Fargo noted that Qualcomm's recent acquisitions of Alphawave Semi and Ventana are key to its evolving data center strategy, with Alphawave providing memory and connectivity IP and Ventana enhancing high-performance computing capabilities.
- TSMC Partnership Provides Capacity Advantage: Qualcomm's collaboration with TSMC offers a capacity advantage in the data center market, further solidifying its position in the rapidly growing AI sector.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 127.280
Low
165.00
Averages
197.14
High
225.00
Current: 127.280
Low
165.00
Averages
197.14
High
225.00
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.
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