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Fisher Asset Management LLC, managed by Ken Fisher, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 1,232,466 shares.
Recent Updates on Broadcom Inc. stock
Broadcom (AVGO) shares have been volatile, recently falling 8–9% over the past week and month after prior gains, yet they’re still up around 55–60% over the last year. Despite the pullback, Wall Street maintains a StrongBuy rating, with average 12‑month targets near $460 versus roughly $320–$331 recent closes, implying sizable upside tied to AI demand.
Analysts highlight Broadcom’s leading role in AI ASICs and networking, especially as a key supplier for Google’s TPUs. Wolfe Research’s Chris Caso and J.P. Morgan’s Harlan Sur see AI ASIC and networking revenue surging into 2026–2027, supporting EPS targets of $15–$18 and price targets of $400–$475, well above current levels.
Spark’s Take on AVGO Stock
According to Spark, TipRanks’ AI Analyst, AVGO is a Outperform.
Score is driven primarily by strong financial performance (high margins and cash conversion) and upbeat earnings-call outlook led by accelerating AI growth and a large backlog. Offsetting the rating are a stretched valuation (high P/E with low yield) and a mixed/soft technical picture with negative MACD and the stock below its 50-day average.
To see Spark’s full report on AVGO stock, click here.
More about Broadcom Inc.
YTD Price Performance: -0.62%
Average Trading Volume: 31,327,033
Current Market Cap: $1578.5B