BMO sees writing on the wall for Broadcom stock after earnings

Broadcom (AVGO) has become one of the largest companies in the world, worth about $1.75 trillion. 

Yet the shares recently pulled back hard, dropping roughly 7% in five trading days and about 25% from their 2026 high.

That kind of drop makes investors nervous. It also gets analysts talking.

Now a new voice has entered with a clear message, and the timing matters. 

A fresh rating landed just before Broadcom reports earnings on Sept. 2, a date that could set the tone for chip stocks into the fall.

Here is what the call says, why it arrived when it did, and what everyday investors should take from it.

Why BMO started Broadcom stock at Outperform with a $455 target

On Aug. 21, 2026, BMO Capital Markets began covering Broadcom with an Outperform rating, which is the firm’s version of a buy. 

Analyst Harsh Kumar set a price target of $455, according to Barchart. 

Kumar has covered…