By David Moadel
Publication Date: 2026-04-08 13:31:00
Broadcom (AVGO) received a downgrade to Neutral from Seaport Global Securities, citing valuation concerns after the stock’s massive one-year surge pushed its trailing P/E to 65x despite strong AI fundamentals and a 106% year-over-year jump in AI revenue to $8.4 billion.
Seaport’s cautious call stands in stark contrast to Wall Street consensus, where 47 of 49 analysts rate Broadcom a Buy or Strong Buy with a $471.55 average price target, suggesting the downgrade reflects timing risk rather than fundamental deterioration—investors need to assess whether Broadcom has already priced in perfection in AI capex growth through 2027.
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Broadcom (NASDAQ:AVGO) stock received a notable vote of caution this week when Seaport Global Securities downgraded Broadcom to Neutral. The call arrives as the stock trades near $352, having…
