Fintel reports that on May 8, 2026, Daiwa Capital upgraded their outlook for QUALCOMM (NasdaqGS:QCOM) from Neutral to Outperform.
Analyst Price Forecast Suggests 27.01% Downside
As of April 28, 2026, the average one-year price target for QUALCOMM is $159.95/share. The forecasts range from a low of $101.00 to a high of $215.25. The average price target represents a decrease of 27.01% from its latest reported closing price of $219.14 / share.
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The projected annual revenue for QUALCOMM is 46,997MM, an increase of 5.64%. The projected annual non-GAAP EPS is 12.04.
What is the Fund Sentiment?
There are 2,833 funds or institutions reporting positions in QUALCOMM. This is an decrease of 1,057 owner(s) or 27.17% in the last quarter. Average portfolio weight of all funds dedicated to QCOM is 0.33%, an increase of 32.87%. Total shares owned by institutions increased in the last three months by 3.16% to 929,507K shares. 
The put/call ratio of QCOM is 0.66, indicating a bullish outlook.
What are Other Shareholders Doing?
Vanguard Capital Management holds 69,341K shares representing 6.58% ownership of the company.
Vanguard Portfolio Management holds 34,193K shares representing 3.24% ownership of the company.
Geode Capital Management holds 28,897K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 25,675K shares , representing an increase of 11.15%. The firm increased its portfolio allocation in QCOM by 12.03% over the last quarter.
Wellington Management Group Llp holds 16,728K shares representing 1.59% ownership of the company. In its prior filing, the firm reported owning 12,437K shares , representing an increase of 25.65%. The firm decreased its portfolio allocation in QCOM by 80.39% over the last quarter.
Norges Bank holds 15,148K shares representing 1.44% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
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This story originally appeared on Fintel.
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