Broadcom Stock Trending as Analysts Endorse AI Upside

(AVGO) stock has fallen 9.0% over the past week and is down 8.4% over the past month, but it still shows a strong 59.8% gain over the past 12 months. Despite the recent pullback, Wall Street’s analysts are firmly bullish, with a StrongBuy consensus and a 12‑month average price target of $459.89 versus a last closing price of $320.05.

That target suggests analysts see considerable upside from current levels, reflecting Broadcom’s growing role at the heart of the AI hardware boom. The consensus view is that the company’s leadership in AI-focused custom chips, networking, and infrastructure software positions it as a key long-term winner, even if the share price has recently cooled. Investors watching AI infrastructure trends will find Broadcom’s story closely linked to rising demand for AI computation in the data center.

Among the most closely followed voices on the stock, analyst Harlan Sur of J.P. Morgan reiterated a Buy rating on Broadcom on January 25, 2026, with a price target of $475.00. This call implies further upside beyond the current Street average and signals strong conviction that the market is still underestimating Broadcom’s earnings power tied to AI. Sur is a high-ranked analyst, standing at 36 out of 11,984, with a 68.16% success rate and an average return of 30.30% per rating, giving added weight to his bullish stance.

Sur’s thesis centers on Broadcom’s AI ASIC partnership with Google, particularly around Google’s TPU roadmap. He notes that Broadcom enjoys an 18‑month or longer lead over Google’s internal customer-owned-tooling (COT) chip program, helped by rising chip and packaging complexity and a fast cadence of new product launches. According to his research, Google is now targeting deployment of 6–7 million TPU processors in 2027, with roughly 95% of these units expected to be powered by Broadcom’s 3nm “Sunfish” TPU ASIC. Broadcom has already secured multi‑billion‑dollar purchase orders for this ramp beginning in the second half of this year, while Google’s internal Zebrafish COT effort remains delayed and is likely to face tighter supply constraints.

Beyond Google, Sur highlights Broadcom as a broad technology infrastructure powerhouse, with leading positions in wireless, data center networking, AI and deep learning ASICs, storage, and infrastructure software. He points to strong fundamental momentum, including expectations for revenue growth of 23.9% in FY25 and 57.5% in FY26, along with sharp gains in EBITDA and adjusted EPS. His $475 price target is based on a 32x multiple on estimated 2026 exit earnings of about $15 per share, broadly in line with other AI peers trading at 30–35x. For investors tracking analyst sentiment, this high‑conviction Buy call, backed by strong ranking metrics and detailed AI-driven forecasts, reinforces why Broadcom remains one of Wall Street’s most closely watched AI infrastructure names. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.