Are Wall Street Analysts Bullish on Broadcom Stock?

California-based Broadcom Inc. (AVGO) is a global technology leader that designs, develops, and supplies various semiconductor devices, with a focus on complex digital and mixed-signal complementary metal-oxide-semiconductor-based devices and analog III-V-based products. Boasting a market cap of $1.5 trillion, the company offers storage adapters, controllers, networking processors, motion-control encoders, and optical sensors, as well as infrastructure and security software to modernize, optimize, and secure the most complex hybrid environments. 

AVGO has gained 37.9% over the past year, outshining the broader S&P 500 Index’s ($SPX) 11.8% rise. In 2026, AVGO stock is up 5.2%, surpassing the SPX’s marginal drop on a YTD basis. 

Zooming in further, AVGO has trailed the Street State SPDR S&P Semiconductor ETF (XSD), which has gained 50% over the past year and 12.7% on a YTD basis. 

Broadcom shares surged 7.6% on Feb. 6, after investors…