Qualcomm Shares Down 1.8% on Market Concerns

Wireless tech giant faces headwinds as analysts cut price targets

Mar. 5, 2026 at 10:54pm

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Shares of Qualcomm (NASDAQ:QCOM) fell 1.8% during mid-day trading on Thursday, with the stock trading as low as $135.80. The decline comes as several Wall Street analysts have cut their price targets for the company, citing concerns over the broader market conditions and the company's outlook.

Why it matters

Qualcomm is a bellwether for the semiconductor and wireless technology industries, so its stock performance is closely watched as an indicator of broader market trends. The company's fortunes are tied to the adoption of 5G and other emerging technologies, making its outlook an important signal for the future of the tech sector.

The details

The drop in Qualcomm's share price was driven by a number of factors, including a cut in the company's price target by analysts at Mizuho from $160 to $140. Other firms, such as TD Cowen and Susquehanna, also lowered their price targets for Qualcomm. In total, the company now has 11 Buy ratings, 10 Hold ratings, and 2 Sell ratings from Wall Street analysts, with an average price target of $168.48.

  • Qualcomm's share price was down 1.8% during mid-day trading on Thursday, March 5, 2026.

The players

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company headquartered in San Diego, California. Qualcomm is known for its development of wireless technologies and its central role in the evolution of digital cellular standards.

Mizuho

A Wall Street brokerage firm that cut Qualcomm's price target from $160 to $140.

TD Cowen

A Wall Street brokerage firm that cut Qualcomm's price target.

Susquehanna

A Wall Street brokerage firm that cut Qualcomm's price target and rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Qualcomm's stock decline highlights the broader challenges facing the semiconductor industry, as analysts grow increasingly cautious about the company's outlook amid macroeconomic headwinds. The company's performance will continue to be closely watched as an indicator of the health of the tech sector.