Broadcom (AVGO) stock has risen 8.6% over the past week, 17.4% in the last month, and an eye-catching 114.5% over the past year. Wall Street’s analysts are strongly bullish, forecasting further upside over the next twelve months with an average price target of $464.32 versus the last close at $380.78.
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Top-ranked analyst Atif Malik reiterated his Buy rating on AVGO on April 14, 2026, setting a $475 price target that implies meaningful upside from current levels. Malik highlights Broadcom’s expanded partnership with Meta to deploy multiple gigawatts of custom MTIA silicon as a key driver, arguing it strengthens visibility into AI-related revenue and could lift the company’s AI revenue goal for 2027 from $100 billion to more than $130 billion.
Harlan Sur, another highly ranked analyst, reiterated his Buy (Overweight) rating on April 15, 2026 with a $500 price target, keeping AVGO as his top semiconductor pick. He points to Broadcom’s multi-year, multi-generational AI chip and networking deal with Meta through 2029, which follows similar agreements with Google, Anthropic, and OpenAI and supports his view that Broadcom can significantly exceed $120 billion in AI revenues by FY27.
Sur notes that Meta’s roadmap with Broadcom spans at least five MTIA chip programs, ramping in advanced 3nm and 2nm process nodes from now through 2028, and could represent $12–$15 billion of revenue from the first gigawatt deployment alone. He also underlines Broadcom’s leadership in wireless, data center networking, AI/deep-learning ASICs, storage, and infrastructure software, supported by strong cash flow, improving leverage, and valuation multiples roughly in line with peers.
Analyst James Schneider also reiterated a Buy rating on April 14, 2026, with a $480 twelve-month price target and AVGO on his firm’s Conviction List. He argues that the expanded Meta partnership confirms Broadcom’s technology edge in custom silicon and AI networking, and notes that his FY27–28 earnings estimates sit about 14% above the Street, reflecting growing confidence in the company’s role at the core of the global AI infrastructure buildout. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.