Qualcomm Shares Drop 2.1% Amid Analyst Downgrades

Wireless tech giant faces headwinds as analysts lower price targets

Published on Mar. 10, 2026

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Shares of Qualcomm Inc. (NASDAQ:QCOM) fell 2.1% on Tuesday, trading as low as $132.16, as the company faced a series of analyst downgrades and price target reductions. The stock closed at $135.20, down from a previous close of $138.11.

Why it matters

Qualcomm is a major player in the wireless technology industry, providing key components and intellectual property for smartphones and other connected devices. Analyst sentiment shifting on the stock could signal broader headwinds for the company as it navigates a competitive landscape and economic uncertainties.

The details

Several analysts have recently issued reports on Qualcomm, with Daiwa Securities Group lowering its rating to "neutral" and setting a $140 price target. Morgan Stanley also assumed coverage on the stock with an "underweight" rating and $132 price objective. Mizuho dropped its target price from $160 to $140, while Robert W. Baird set a $177 price target.

  • Qualcomm shares traded as low as $132.16 on Tuesday, March 10, 2026.
  • The stock closed at $135.20 on March 10, 2026, down 2.1% from the previous close of $138.11.

The players

Qualcomm Inc.

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

Daiwa Securities Group

A Japanese financial services group that lowered its rating on Qualcomm to "neutral" and set a $140 price target.

Morgan Stanley

A global financial services firm that assumed coverage on Qualcomm with an "underweight" rating and $132 price objective.

Mizuho

A Japanese financial services group that dropped its price target on Qualcomm from $160 to $140.

Robert W. Baird

A financial services firm that set a $177 price target on Qualcomm shares.

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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 decline highlights the challenges the company faces as it navigates a shifting competitive landscape and economic uncertainties. Analysts' downgrades and price target reductions suggest broader headwinds for the wireless tech giant, underscoring the need for the company to adapt and innovate to maintain its market position.