Broadcom Stock Forecast: Trending Bullish Among Top Analysts

Broadcom (AVGO) stock has risen 72.1% over the past year, even as it slipped 3.3% in the last week and 3.5% over the past month. Wall Street’s analysts are strongly bullish, forecasting a move toward a 12‑month price target of $450.56, implying meaningful upside from the last close at $319.55.

Among the most closely watched voices is Harlan Sur of J.P. Morgan, who reiterated his Buy rating on AVGO on March 1, 2026, with a price target of $475, above the Street average. His call suggests confidence that Broadcom can overcome recent short‑term volatility and continue its powerful long‑term uptrend.

Sur expects Broadcom to deliver a solid earnings beat and guidance raise in its upcoming F1Q26 report, driven by strong demand for its AI products, especially Google’s TPU accelerators and AI networking chips. He also sees the company’s non‑AI semiconductor segments, such as enterprise, server, storage, and broadband, gradually improving alongside continued revenue synergies from the VMware acquisition.

On the AI front, Sur projects more than $65 billion in AI revenues for FY26 and over $120 billion in FY27, supported by current 3nm TPU “Ironwood” chips, the coming TPU v8 “Sunfish” ramp, and custom ASIC programs for customers like OpenAI, Anthropic, SoftBank/ARM, Meta, and others. He argues that Broadcom’s broad, diversified ASIC customer base reduces the risk of any single client slowdown and keeps AI growth on a strong trajectory.

Sur values Broadcom as a technology infrastructure powerhouse with leading positions in wireless, data center networking, AI/deep learning ASICs, storage, and infrastructure software. His $475 target is based on a 32x multiple on expected CY26 earnings of about $15 per share, broadly in line with other AI leaders, and supported by robust revenue, EBITDA, and EPS growth metrics forecast into FY26.

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