Broadcom Stock Is Down 7% in a Year. Cheap for a Reason or Too Cheap to Ignore?

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Broadcom Stock Is Down 7% in a Year. Cheap for a Reason or Too Cheap to Ignore?

By Gian Estrada
Publication Date: 2026-10-24 17:54:00

Broadcom Stock Is Down 7% in a Year. Cheap for a Reason or Too Cheap to Ignore? © show999 from Getty Images and TETE_ESCAPE from teteescape via Canva

Key Takeaways

  • Broadcom stock is down 6.6% over the past year, closing at $321.68 on October 23, and sits 32.9% below its June 3 close of $479.23.

  • The Street’s mean price target is $529.10, 64.5% above the latest close.

  • Analysts expect normalized EPS to climb from $6.82 in fiscal 2025 to $30.38 in fiscal 2028, right in line with CEO Hock Tan’s call for more than $30.

  • Next up is Broadcom’s fiscal Q4 report, which the company plans to release on December 9, against guidance of $34.8B in revenue and $21.7B in AI chip sales.

Broadcom (AVGO:NASDAQ) stock is down 6.6% over the past year, closing at $321.68 on October 23. A 12.59% one-day drop in June and an October chip selloff erased a spring rally that had been built on a long-term chip deal with Alphabet (GOOGL:NASDAQ)…

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