Analysts Hike Broadcom Stock (AVGO) Price Targets after Q1 Beat — Here’s the New Upside

Shares of Broadcom (AVGO) rose roughly 6% in pre-market trading after the chipmaker reported upbeat Q1 results and issued a strong revenue outlook for the next quarter, prompting Wall Street analysts to grow more bullish on the stock. Following the earnings report, the new Street-high price target for AVGO has climbed to $630, implying about 98% upside from current levels. On average, analysts’ price targets suggest the stock could still deliver around 44% upside.

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For context, Broadcom designs chips and software used in data centers, networking, broadband, and wireless communications. In Q1 FY26, Broadcom’s revenue grew 29% year-over-year to $19.31 billion, driven by surging demand for AI infrastructure. The company also guided for about $22 billion in revenue next quarter, well above the $20.5 billion analysts had projected.

AVGO Stock Wins New Street-High Target

Baird’s five-star-rated analyst, Tristan Gerra, raised the price target for AVGO to $630 from $420, while keeping a Buy rating on the stock. He said the upgrade reflects Broadcom’s strong AI revenue guidance for 2026–2027, which exceeds consensus expectations and is supported by multiple new AI customer deployments. Baird said the guidance outweighs any potential share losses next year.

Additionally, Gerra highlighted Broadcom’s technology and execution strengths in custom ASICs (application-specific integrated circuits), along with a strong networking ramp that improves the company’s product mix. He emphasized that AI demand is incremental, not cannibalistic, which is likely to boost VCF (VMware Cloud Foundation) sales. He noted that these factors address recent investor concerns.

Looking further ahead, Gerra projects significant revenue and earnings per share upside through 2030, reinforcing the stock’s long-term growth potential.

Other Analysts Raise Price Targets on AVGO

Bernstein’s top-rated analyst, Stacy Rasgon, raised the price target for AVGO to $525 from $475, while maintaining a Buy rating on the stock. Rasgon highlighted that Broadcom delivered a solid Q1, with semiconductor performance exceeding expectations and software slightly below forecasts. The analyst also pointed to strong Q2 guidance, supported by a much better-than-expected AI outlook, reinforcing his positive view on the shares.

Likewise, JPMorgan’s five-star-rated analyst Harlan Sur lifted AVGO’s price target to $500 from $475 with a Buy rating. Sur highlighted continued upside in Broadcom’s AI semiconductor segment and updated his estimates following the earnings report.

Is AVGO a Good Stock to Buy?

Currently, Wall Street has a Strong Buy consensus rating on Broadcom stock based on 28 Buys and two Holds. The average AVGO stock price target of $458.98 indicates 44.5% upside potential from current levels.

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