Qualcomm Stock Price Drops 1.3%

Analysts Weigh In on What's Next for the Wireless Tech Giant

Apr. 9, 2026 at 11:34pm

Got story updates? Submit your updates here. ›

An extreme close-up of a heavily textured, industrial-looking Qualcomm microchip or circuit board, conveying the complex, physical nature of the company's technology and the financial forces impacting its performance.The drop in Qualcomm's stock price reflects the volatility and uncertainty facing the semiconductor industry as it navigates technological shifts and market dynamics.San Diego Today

Qualcomm Incorporated (NASDAQ:QCOM) saw its stock price decline by 1.3% on Tuesday, trading as low as $121.99 before closing at $124.07. The drop came on trading volume of 8.7 million shares, down 23% from the average daily volume. The stock's performance has been a topic of discussion among industry analysts, with mixed ratings and target price adjustments.

Why it matters

As a leading global semiconductor and telecommunications equipment company, Qualcomm's stock performance is closely watched by investors and industry observers. The company's Snapdragon processors and wireless technologies play a central role in the evolution of mobile standards and connectivity solutions across various sectors, making its financial health and market positioning significant factors in the broader tech landscape.

The details

Several research analysts have recently weighed in on Qualcomm's stock. Wells Fargo & Company upgraded the stock from 'underweight' to 'equal weight' and raised the target price from $135 to $185. However, Zacks Research downgraded Qualcomm from 'hold' to 'strong sell', and Susquehanna lowered its rating from 'positive' to 'neutral' while setting a $140 target price. Overall, the stock has 1 Strong Buy rating, 10 Buy ratings, 11 Hold ratings, and 3 Sell ratings, with an average target price of $163.77.

  • Qualcomm's stock price dropped 1.3% on Tuesday, April 9, 2026.
  • The stock traded as low as $121.99 and closed at $124.07 on April 9, 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.

Wells Fargo & Company

A financial services company that upgraded Qualcomm's stock from 'underweight' to 'equal weight' and raised the target price from $135 to $185.

Zacks Research

A research firm that downgraded Qualcomm's stock from 'hold' to 'strong sell'.

Susquehanna

A financial services company that lowered its rating on Qualcomm's stock from 'positive' to 'neutral' and set a $140 target price.

Got photos? Submit your photos here. ›

What they’re saying

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

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.