QCOM QUALCOMM INC/DE

Price Chart

Executive Summary

Daiwa Capital double-upgraded QCOM from Neutral to Outperform on May 8, 2026, raising its price target to $225 from $140, a massive 60.7% increase. The new target sits well above the consensus mean of $180.48 and median of $165, placing Daiwa among the most bullish firms on the Street. QCOM currently trades at $215.94, implying only 4.2% upside to Daiwa's target but 19.6% upside to the consensus mean. The call is contrarian: the consensus is heavily tilted toward Hold (27 of 49 ratings), with only 18 Buy-equivalent ratings and 4 Sells. Daiwa's accuracy is 52% on 21 calls with a +6.7% average return, slightly above the peer average. Momentum is mixed — no upgrades or downgrades in the past 30 days, but EPS revisions have been overwhelmingly negative (26 down vs 2 up for the current fiscal year). Insider selling is heavy, including CEO Cristiano Amon selling $3.65M on May 4-5, and a $1.85M sale by the CFO. Institutional flows show a massive new position from Norges Bank ($2.59B) but exits from Renaissance and Two Sigma. Short interest is elevated at 58.7% of TRF volume. The bottom line: Daiwa's bold upgrade and PT hike signal a major inflection thesis, but the negative earnings revision trend and insider selling create a high-conviction contrarian setup that active traders should monitor closely.

Impact Score

Consensus & Targets

Of 49 total ratings: 4 Strong Buy, 14 Buy, 27 Hold, 4 Sell, 0 Strong Sell. That's 36.7% Buy-equivalent, 55.1% Hold, and 8.2% Sell. The consensus is heavily tilted toward neutral, making Daiwa's upgrade a clear outlier.

Consensus mean PT is $180.48, median $165, high $300, low $100. At $215.94, QCOM trades 19.6% above the mean and 30.9% above the median. Daiwa's $225 target is 24.7% above the mean and ranks near the top of the range, behind only Tigress Financial's $280 (maintained Buy on May 8).

Recent Analyst Activity

Zero upgrades and zero downgrades in the past 30 days. EPS revision trend is decisively negative: for the current fiscal year (0y), 26 downward revisions vs 2 upward in the past 30 days. For next quarter (+1q), 19 down vs 6 up. Estimates are being revised lower across all periods, which conflicts with Daiwa's bullish thesis.

Firm Track Record — Daiwa Capital

Daiwa Capital accuracy: 52% on 21 calls | avg return: 6.7%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

Daiwa Capital has a 52% accuracy rate on 21 calls with a +6.7% average return, placing it slightly above the peer average. The best-performing firms on QCOM are HSBC, WestPark Capital, and Loop Capital (all 100% on 2 calls each). The worst are Baird and Barclays (33% on 3 calls each). Daiwa's call is contrarian relative to consensus but not from a top-tier firm.

Earnings Estimates

Next earnings: Jul 28, 2026

Cross-Platform Signals

Insider selling is heavy and concentrated: CEO Cristiano Amon sold $3.65M on May 4-5, CFO Palkhiwala sold $12K on May 12, and other executives sold $736K combined. No insider buys. Congressional selling: Rep. Sara Jacobs sold $1M-$2M on May 6-7. Institutional flows are mixed — Norges Bank opened a $2.59B position (new), but Renaissance Technologies exited completely and Two Sigma cut 88.9%. Short interest is elevated at 58.7% of TRF volume, indicating bearish positioning. The insider selling and negative revisions diverge from the bullish analyst signal, creating a high-contrast setup.

Documents Analyzed

Report based on filing metadata.

US Market Status