Wall Street sets Qualcomm stock price target for 2027

Wells Fargo raised its Qualcomm price target to $230 from $160 on June 12 while keeping an Equal Weight rating. The $70 increase signals improved analyst expectations for the stock, though the unchanged rating tempers the bullishness. The news is supportive for Qualcomm shares but is likely to be a modest stock-specific catalyst rather than a broad market mover.

Analysis

Wells Fargo raised its Qualcomm price target to $230 from $160 on June 12 while keeping an Equal Weight rating. The $70 increase signals improved analyst expectations for the stock, though the unchanged rating tempers the bullishness. The news is supportive for Qualcomm shares but is likely to be a modest stock-specific catalyst rather than a broad market mover.