Qualcomm stock price edges up as Wall Street trims targets ahead of Feb. 4 earnings
New York, February 2, 2026, 15:28 (EST) — Regular session
- Qualcomm shares climbed roughly 0.5% in afternoon trading, bouncing back after an early dip
- Cantor slashes its Qualcomm price target to $160; JPMorgan and Bernstein follow with revisions
- Investors are now zeroing in on Qualcomm’s earnings report and guidance due February 4
Qualcomm (QCOM.O) shares climbed 0.5% to $152.32 in afternoon trading on Monday, recovering from a low of $149.39 earlier in the session.
The move comes right before a hectic week for the chipmaker, with results set for Wednesday. Traders tend to focus more on management’s outlook for the next quarter than on the past quarter’s numbers.
Qualcomm continues to rely heavily on…
