Qualcomm Incorporated: A Strong Contender in the Semiconductor Industry

Price Target and Rating: Stacy Rasgon from Bernstein sets a price target of $185 for NASDAQ:QCOM, with an "Outperform" rating, indicating a potential upside of approximately 14.79%. Recent Stock Performance: QCOM's stock has risen nearly 30% from its lows since April, showing a pattern of higher highs and higher lows. Financial Outlook: With a market capitalization of approximately $176.9 billion and a compelling price-to-earnings (P/E) ratio, Qualcomm's bullish outlook is supported by its financial health and industry position.

Qualcomm Incorporated, trading under the symbol NASDAQ:QCOM, is a prominent player in the semiconductor industry. Known for its innovative technology solutions, Qualcomm competes with industry giants like NVIDIA Corp and Advanced Micro Devices Inc. Despite its strong market presence, Qualcomm is often recognized as one of the more affordable large-cap semiconductor stocks.

On July 28, 2025, Stacy Rasgon from Bernstein set a price target of $185 for QCOM, which was trading at $161.17 at the time. This suggests a potential upside of approximately 14.79%. Bernstein has maintained an "Outperform" rating for Qualcomm, as highlighted by StreetInsider, indicating confidence in the stock's future performance.

Qualcomm's shares have not moved as significantly as its larger peers, NVIDIA and AMD. However, recent trends show a positive shift. Since April, QCOM's stock has risen nearly 30% from its lows, showing a pattern of higher highs and higher lows. This trend provides optimism for investors as the company approaches its next earnings report.

The stock's current price is $161.11, with a daily increase of approximately 1.71%, or $2.71. During the trading day, QCOM fluctuated between $158.89 and $161.96. Over the past year, the stock has seen a high of $182.64 and a low of $120.80, reflecting its volatility.

Qualcomm's market capitalization is approximately $176.9 billion, with a trading volume of 5,895,278 shares. The company's compelling price-to-earnings (P/E) ratio remains a significant factor for investors, contributing to its bullish outlook. As Qualcomm approaches its earnings report, investors remain optimistic about its future performance.