--- title: "Weekly Recap | Qualcomm +2.77%, consensus target above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/298101339.md" description: "Qualcomm rose 2.77% for the week, closing Friday at $168.74 and outpacing the S&P 500 by roughly 2.68 percentage points. Trading was choppy but ultimately higher: Monday opened at $164.79, touched a weekly high of $171.38, and closed at $170.48; Tuesday pulled back near $162.21 before settling at $166.61, with Wednesday and Thursday oscillating between roughly $165 and $170. The stock finished at $168.74 on Friday. Weekly amplitude was 5.56%. Average daily volume of 8." datetime: "2026-09-05T07:48:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298101339.md) - [en](https://longbridge.com/en/news/298101339.md) - [zh-HK](https://longbridge.com/zh-HK/news/298101339.md) generator: "portal-rs" --- # Weekly Recap | Qualcomm +2.77%, consensus target above spot ## The Week Qualcomm rose 2.77% for the week, closing Friday at $168.74 and outpacing the S&P 500 by roughly 2.68 percentage points. Trading was choppy but ultimately higher: Monday opened at $164.79, touched a weekly high of $171.38, and closed at $170.48; Tuesday pulled back near $162.21 before settling at $166.61, with Wednesday and Thursday oscillating between roughly $165 and $170. The stock finished at $168.74 on Friday. Weekly amplitude was 5.56%. Average daily volume of 8.94m shares came in about 29% below the recent trading-day median, pointing to a fairly quiet tape.\\n\\n## Key Events\\n\\nQualcomm’s news flow this week ran along two tracks. On the product side, Qualcomm and Saudi AI firm Humain launched the Horizon Ultra AI PC powered by Snapdragon X2 Elite at Leap 2026 on 31 August. TP-Link also unveiled what it called the world’s first complete Wi-Fi 8 lineup at IFA 2026, extending the reach of Qualcomm-powered devices. On the pricing side, reports emerged on 1 September that Qualcomm would raise chip prices starting in September, and the stock pulled back the following session as the market weighed that move against softer smartphone reality. Qualcomm also participated in a $70m funding round for smart-ring maker Ultrahuman, signalling a broader push into wearable computing.\\n\\n## Analyst Ratings\\n\\nBased on the latest aggregated data as of 4 September, 37 institutions rate Qualcomm: 9 assign buy, 2 assign overweight, 22 assign hold, 2 assign underweight, 1 assigns sell, and 1 has no opinion. The consensus rating is hold, with a consensus target price of about $193.90, implying roughly 14.91% upside from the latest close of $168.74. Target prices range from $100.00 to $400.00, reflecting wide disagreement. Qualcomm ranks 9th within its semiconductor industry group of 77.\\n\\n## The Week Ahead\\n\\nOn the macro side, the week ahead brings US initial jobless claims, final demand PPI, existing home sales, and wholesale sales on 10 September, along with Treasury auctions and natural gas inventory data. There is no new earnings report on Qualcomm’s near-term calendar, but follow-through from the Humain AI PC partnership, the chip price hike, and any updates on the Ultrahuman bet are worth tracking as the story develops.\\n\\n## In Short\\n\\nQualcomm’s outperformance this week came with two contrasting signals: an expanding product and ecosystem story across AI PCs, Wi-Fi 8, and wearables, against a chip price increase that reopened questions about smartphone demand. Institutional views lean cautious: the consensus rating is hold, and while the consensus target sits about 14.91% above spot, the range from $100 to $400 shows limited agreement. The next stretch depends on whether those new product lines translate into visible execution, and on how the pricing move feeds through demand and valuation.\\n\\n*This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [QCOM.US](https://longbridge.com/en/quote/QCOM.US.md) - [QCML.US](https://longbridge.com/en/quote/QCML.US.md) - [QCMU.US](https://longbridge.com/en/quote/QCMU.US.md) - [QCMD.US](https://longbridge.com/en/quote/QCMD.US.md) ## Related News & Research - [Mediatek launches fresh smartphone chips that use TSMC's latest 2nm technology](https://longbridge.com/en/news/299061743.md) - [Apple Says iPhone 18 Pro Max Sold in U.S. Differs in One Way](https://longbridge.com/en/news/298816037.md) - [Qualcomm EVP, CFO and COO Akash J. Palkhiwala disposes of USD 539,188.33 in common shares](https://longbridge.com/en/news/298774332.md) - [MediaTek Cranks Up Pressure on Qualcomm With Cutting-Edge Smartphone Chip](https://longbridge.com/en/news/299043933.md) - [MediaTek releases Dimensity 9600 Pro mobile chip](https://longbridge.com/en/news/299075286.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**