Broadcom (AVGO) stock has risen 69.5% over the past year, though it slipped 0.1% in the last week and 0.3% over the past month. Wall Street’s analysts are strongly bullish, forecasting a move toward a 12‑month price target of $452.32 from the last close at $332.31.
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Analyst Christopher Rolland of Susquehanna International Group reiterated his Buy rating on AVGO on February 26, 2026, with a $450 price target, implying solid upside from current levels. Rolland highlights Broadcom’s robust financial profile, with low net debt and a forward free cash flow yield of about 8%.
The analyst sees custom ASICs and AI networking as key engines of near‑term growth, supported by strong demand from major cloud players like Google and Meta. Broadcom’s AI backlog is estimated at about $73 billion, expected to be delivered over the next 18 months, and FY26 AI revenue is modeled at roughly $56 billion, up sharply year over year.
Rolland does flag risks, including growing investor worries that hyperscalers could shift more aggressively to customer‑owned tooling, which might reduce reliance on high‑value ASIC suppliers. Competition from Mediatek and changing chip allocations at customers such as Google and Apple also add uncertainty, with a downside scenario around $250 per share.
Still, Broadcom’s dominant position in AI networking and potential share gains in wireless components leave the analyst optimistic about the company’s long‑term trajectory. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.