By Vandita Jadeja
Publication Date: 2026-10-29 17:03:00
Broadcom’s AI revenue is growing faster than almost anyone on Wall Street expected, yet the stock sits nearly 30% below its 52-week high. Something about that disconnect deserves a closer look.
The 24/7 Wall St. price target for Broadcom (NASDAQ:AVGO | AVGO Price Prediction) is $415.95. This sits 21.55% above the $342.19 reference price, and the model rates the stock a buy.
| Metric | Value |
|---|---|
| Current Price | $342.19 |
| Price Target from 24/7 Wall St. | $415.95 |
| Upside/Downside | 21.55% |
| Recommendation | BUY |
| Confidence Level | 90% |
We hold this view with high confidence. Broadcom designs custom AI accelerators (XPUs) for Google (NASDAQ:GOOGL), Anthropic, OpenAI and Meta (NASDAQ:META).
Management expects fiscal 2027 AI revenue to about double to $115 billion. Even so, the stock has fallen behind the AI trade this year, and that gap is where our model finds upside.
Record AI Sales Meet a Stock Stuck Near Flat
Shares rose 1.32% to $346.86 Wednesday. They are up 3.74% over the past week, down 1.69% over the past month and up only 0.77% year to date. That leaves Broadcom 29.7% below its $493.28 52-week high and 20.0% above its $288.95 low.
The business looks far stronger than the share price. Fiscal third-quarter revenue reached $29.59 billion, up 85.5% and ahead of the $29.44 billion estimate. EPS of $3.32 beat the $3.24 consensus.
AI semiconductor revenue grew 221% to $16.70 billion, and fourth-quarter guidance calls for $21.7…
