Why QUALCOMM Incorporated (QCOM) stock moved
QUALCOMM Incorporated (QCOM) shares rose 1.8% to $167.71 as of November 2, 2026, a modest gain from the prior close of $164.79. BestStocks flagged the session as a major change for QCOM. Below, we break down what changed for QCOM, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
QCOM climbed 1.8% to $167.71
QCOM rose 1.8% in its latest session, moving from $164.79 to $167.71.
What it means for QUALCOMM Incorporated investors
For QUALCOMM Incorporated investors, the recent signals are mixed, leaving the near-term picture neutral / mixed. On the constructive side: Positive 1.8% session move; Positive price momentum. Weighing against that: A Delaware jury verdict against Qualcomm is adding to a broad chip sector selloff, with Arm and AMD both down 5% in afternoon trading (247wallst.com); QUALCOMM Incorporated moved -6.19% intraday from $201.97 to $189.47. Because peers moved similarly, the shift looks more macro- or sector-driven than a change in QCOM's fundamentals. Wall Street's consensus price target sits at $209.94, implying +25.2% upside from $167.71. BestStocks rates the overall signal quality weak (33/100). With earnings roughly 2 days out, the next report is the most likely near-term test of the move.
QCOM price reaction
QCOM last traded at $167.71, up $2.92 (+1.77%) from the previous close of $164.79. The session traded on 0.1× average volume (below avg), so participation was unremarkable. Its technology peer group moved a median -0.7% over the same stretch, leaving QCOM ahead of the group by 2.5 points.
Bullish and bearish analyst opinions on QUALCOMM Incorporated (QCOM)
The consensus analyst price target on QUALCOMM Incorporated (QCOM) is $209.94, 25.2% above the recent $167.71. Over the past 90 days analysts logged 0 upgrades, 4 maintains, and 0 downgrades. Here is how the bullish and bearish cases on QCOM line up.
The bullish case
- Wall Street's consensus price target of $209.94 implies +25.2% upside from $167.71.
- The Street's most bullish target is $400.00 (+138.5%).
- Positive 1.8% session move.
- Positive price momentum.
- Qualcomm surged 3.62% to $186.66 on news of a major multi-year AI partnership and data center infrastructure deal with Amazon Web Services, announced on 2026-09-08 per CNBC.
The bearish case
- The most bearish analyst target is $155.00 (-7.6%).
- A Delaware jury verdict against Qualcomm is adding to a broad chip sector selloff, with Arm and AMD both down 5% in afternoon trading (247wallst.com).
- QUALCOMM Incorporated moved -6.19% intraday from $201.97 to $189.47.
- QCOM dropped 7.57% intraday to $189.39, with volume surging to 33.4M shares versus the prior close of $204.90.
Weighing both sides, BestStocks' composite read of recent signals is roughly balanced, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Nov 2, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for QCOM
Frequently asked questions about QCOM
Why did QUALCOMM Incorporated (QCOM) stock move?
QCOM rose 1.8% to $167.71. No single company-specific catalyst was confirmed during the move window, and it looks like a sector-wide move.
How much did QCOM stock rise?
QCOM gained 1.77% ($2.92) versus the prior close of $164.79, last trading at $167.71 on 0.1× average volume.
When is QUALCOMM Incorporated's next earnings date?
QCOM's next earnings report is estimated for 2026-11-04 — about 2 days away.
What is the analyst price target for QCOM?
The consensus analyst price target for QCOM is $209.94, about 25.2% above the current $167.71. Over the past 90 days, analysts recorded 0 upgrades, 4 maintains, and 0 downgrades.
Is the QCOM move company-specific or sector-wide?
BestStocks classifies it as a sector-wide move: the peer group moved a median -0.7% against QCOM's +1.8%. QCOM ranks top 3 of 7 peers.
How BestStocks tracks QCOM
This page is generated automatically by BestStocks' change-detection system after its price and volume cleared QCOM-specific materiality thresholds, triggering an evidence check. It draws on 20 tracked change events for QCOM, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of November 2, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.