Anlaysts Bullish on Broadcom (AVGO) Despite Gross Margins Concerns

Anlaysts Bullish on Broadcom (AVGO) Despite Gross Margins Concerns

By Faheem Tahir
Publication Date: 2026-04-01 16:44:00

Broadcom Inc. (NASDAQ:AVGO) earns a spot on our list of 8 Best AI Infrastructure Stocks to Invest in.

Anlaysts Bullish on Broadcom (AVGO) Despite Gross Margins Concerns

As of March 30, 2026, analyst sentiment about Broadcom Inc. (NASDAQ:AVGO) remains optimistic, with over 95% of covering analysts keeping a “Buy” rating. The consensus price target of $472.50 indicates a potential upside of 57.14% on the stock.

On March 5, 2026, Truist raised its price target for Broadcom Inc. (NASDAQ:AVGO) from $510 to $545 and upheld a “Buy” rating, citing the company’s positive performance across key metrics, particularly on its Q1 sales guidance and AI sales projections. Truist remarked that the discussion on the gross margin trajectory was ambiguous, but it emphasized that management’s positive statements regarding AI expenditure should be interpreted favorably, not only for Broadcom Inc. (NASDAQ:AVGO) but also for the semiconductor industry at large.

On March 5,…