Qualcomm Shares Rise 1.8% Amid Analyst Price Target Adjustments

Chipmaker's stock jumps as analysts weigh in on latest quarterly results.

Mar. 9, 2026 at 9:41pm

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Shares of Qualcomm Incorporated (NASDAQ:QCOM) rose 1.8% during Monday's trading session, reaching a high of $138.58 before closing at $138.11. The increase came as the wireless technology company saw trading volume increase 18% from the average session, with over 12.2 million shares changing hands. The stock's rise follows the company's recent Q2 2026 earnings report, which saw it beat analyst estimates.

Why it matters

Qualcomm is a major player in the semiconductor and telecommunications equipment industry, providing critical components and technologies for mobile devices and wireless networks. Its stock performance and analyst sentiment can provide insights into the broader trends and outlook for the tech sector.

The details

Several analysts have adjusted their price targets for Qualcomm's stock following the earnings report. JPMorgan Chase & Co. decreased its price target from $195 to $185, while maintaining an "overweight" rating. Mizuho reduced its price target from $160 to $140 and changed its rating to "neutral". Susquehanna also downgraded the stock to "neutral" and set a $140 price target.

  • Qualcomm released its Q2 2026 earnings report on Wednesday, February 4th.
  • The company's stock rose 1.8% during mid-day trading on Monday, March 9th.

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.

JPMorgan Chase & Co.

A multinational investment bank and financial services company that provides research coverage and analysis on Qualcomm's stock.

Mizuho

A Japanese financial services group that provides research coverage and analysis on Qualcomm's stock.

Susquehanna

An independent global trading and technology firm that provides research coverage and analysis on Qualcomm's stock.

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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 (San Francisco Chronicle)

The takeaway

Qualcomm's stock performance and analyst sentiment reflect the ongoing dynamics in the semiconductor and tech sectors, with the company navigating challenges such as price target adjustments while maintaining its position as a leader in wireless technologies.