By Alex Sirois
Publication Date: 2026-08-14 15:42:00
Broadcom (NASDAQ:AVGO | AVGO Price Prediction) trades at $417.82 against a Wall Street average price target of $527.88, leaving roughly 26% of implied upside.
Broadcom is the second largest merchant semiconductor company by market cap at $1.99 trillion. Its two engines are custom AI accelerators and networking silicon sold to hyperscalers, plus the VMware infrastructure software franchise. CEO Hock Tan has publicly committed to over $100 billion in AI semiconductor revenue in fiscal 2027, a target that reshapes the AI supply chain around Broadcom.
One bulge-bracket desk sees the stock worth far more than consensus. BNP Paribas Exane recently raised its target on Broadcom to $675 from $640 while maintaining an Outperform rating, implying more than 60% upside from here.
Why the Stock Cooled Off While AI Peers Ran
Broadcom is down 1.57% over the past three months, but that understates the pullback. Shares filed Q2 earnings on June 3, 2026 at $495, then drifted back to the low $400s…
