Susquehanna analyst Christopher Rolland has reiterated their bullish stance on AVGO stock, giving a Buy rating today.
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Christopher Rolland has given his Buy rating due to a combination of factors tied to Broadcom’s accelerating AI and networking momentum. He anticipates earnings and guidance to surpass expectations, supported by strong Custom ASIC and AI networking demand, including large multi‑year orders from major cloud and AI customers that have pushed the AI backlog to roughly $73B for delivery over the next 18 months.
He also models a sharp increase in FY26 AI revenue, reflecting confidence that management’s indication of substantially higher AI contributions will materialize despite rising concerns about customer-owned tooling and competition from Mediatek. While acknowledging margin pressure from lower-margin racks and some wireless share loss, he emphasizes Broadcom’s leading position in AI networking, potential wireless share gains in future iPhone cycles, and a recovering broadband business, all of which support his positive stance and $450 price target.
In another report released today, Oppenheimer also reiterated a Buy rating on the stock with a $450.00 price target.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVGO in relation to earlier this year.