TD Cowen raises target for Qualcomm stock to USD 200

Published on 10/21/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm's July quarter produced USD 9.95 billion in revenue. Qualcomm stock costs EUR 157.08 on October 21, 2026 and adjusted EPS was USD 2.21.

Analyst target and reporting date

TD Cowen set a USD 200.00 target for Qualcomm on October 19, 2026.
Qualcomm reported USD 9.95 billion in third-quarter 2026 revenue and USD 2.21 adjusted earnings per share.
Qualcomm stock traded at EUR 157.08 at 11:01 a.m. CEST at Lang & Schwarz on October 21, 2026.

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TD Cowen raised its price target for Qualcomm stock from USD 175.00 to USD 200.00 on October 19, 2026, while keeping a Buy rating, according to MarketBeat. The move puts the analyst view against a business mix still exposed to smartphones and an earnings date set for November 4, 2026.

Targets rise as earnings approach

MarketBeat reported that Qualcomm's third-quarter 2026 revenue reached USD 9.95 billion, above the USD 9.69 billion consensus estimate, while adjusted earnings per share came in at USD 2.21 against USD 2.23 expected. Revenue fell 4.00 percent from the same quarter of 2025, making the next report a test of Qualcomm's diversification.

The company also guided to fourth-quarter 2026 earnings per share of USD 2.05 to USD 2.25, according to MarketBeat. That range matters because the company is attempting to offset handset pressure with automotive, artificial intelligence, data-center and connected-device activity.

What does the restructuring mean?

Qualcomm is preparing global job cuts after annual employee reviews, with notifications expected to begin in November, Benzinga reported on October 20, 2026. The company employed nearly 52,000 people as of September 2025, but it did not disclose the number of positions affected. For investors, the figure to watch is the USD 5 billion data-center revenue target for 2027 cited in the report, alongside the cost discipline signaled by the restructuring.

Three events shaped the story

On July 29, 2026, Qualcomm reported USD 9.95 billion in third-quarter revenue and USD 2.21 adjusted earnings per share, according to MarketBeat. On October 16, 2026, Qualcomm extended a global Transsion patent agreement through 2031, as reported by FinanzNachrichten. On October 20, 2026, the planned workforce reductions became the latest development.

Next date is November 4

Qualcomm is scheduled to report its fourth-quarter 2026 results on November 4, 2026, according to Benzinga. The release will test whether the USD 2.05 to USD 2.25 earnings-per-share guidance range can stabilize expectations after the 4.00 percent revenue decline.

Qualcomm stock trades intraday

Qualcomm stock was trading at EUR 157.08 at Lang & Schwarz on October 21, 2026 at 11:01 a.m. CEST. The primary listing is Nasdaq, where the stock was last quoted at USD 175.71 on October 20, 2026, with a market capitalization of USD 187.6 billion. The 52-week range was USD 121.99 to USD 259.92.

The further course of trading is shown by the continuously updated real-time quote of Qualcomm stock.