Qualcomm price targets jump to $220 on AI, data center expansion
Analysts raised price targets to as high as $220, implying a 27.37% upside following fiscal 2025 free cash flow of $12.82 billion (up nearly 15% year-over-year). Qualcomm is expanding into the data center market and plans to ship a specialized AI chip to a major hyperscaler in late 2026.
1. Analysts Raise Price Targets
Analysts at Argus Research raised their price target for Qualcomm stock to $220, signaling a potential 27.37% upside from current levels. Additional upward revisions from Citi, JPMorgan and Wells Fargo set targets at $160, reflecting growing confidence in Qualcomm’s long-term outlook.
2. Free Cash Flow Rises 15%
Qualcomm reported free cash flow of $12.82 billion in fiscal 2025, marking a near 15% year-over-year increase. The strong cash generation coincided with a Q2 FY26 stock surge from approximately $150 to over $180 per share, underscoring robust financial momentum.
3. Data Center and AI Initiatives
The company is strategically expanding into the data center market and advancing its artificial intelligence roadmap. Qualcomm plans to ship a specialized AI chip to a major hyperscaler in the fourth quarter of 2026, aiming to capture a share of cloud computing demand.