Bearish
Qualcomm's stock dips below analyst targets amid Q3 earnings miss and insider sales.
Qualcomm's stock has declined following its Q3 fiscal 2026 earnings report, which showed a slight earnings per share miss and a 4% year-over-year revenue decline. Additionally, recent insider sales have raised concerns among investors.
Key points
- Earnings Report Miss: Qualcomm reported Q3 fiscal 2026 earnings per share of $2.21, slightly below the consensus estimate of $2.23, with a 4% year-over-year revenue decline.
- Insider Sales: Allstate Corp reduced its Qualcomm holdings by 8.5% in Q2 2026, selling 9,075 shares, which may signal reduced confidence.
- Stock Performance: As of August 25, 2026, Qualcomm's stock traded at $160.56, below the average analyst price target of $203.63, indicating potential undervaluation.
- Analyst Outlook: Despite recent challenges, analysts maintain a consensus 'Hold' rating for Qualcomm, with an average price target of $203.63, suggesting potential upside if the company executes its growth strategy effectively.
Sources
AI-generated from public news sources. Not financial advice.
