By Faheem Tahir
Publication Date: 2026-02-08 21:17:00
Broadcom Inc. (NASDAQ:AVGO) is one of the 13 Best Extremely Profitable Stocks to Invest in Now.
The consensus price target for Broadcom Inc. (NASDAQ:AVGO) is $460 as of February 2, 2026, representing 38.55% upside. Nearly all analysts remain bullish on the stock.
The latest analyst update came from Wolfe Research, which raised its price target to $400 and upgraded Broadcom Inc. (NASDAQ:AVGO) from ‘Neutral’ to ‘Buy’. The bullish stance reflects the growing demand for Alphabet’s Tensor Processing Units (TPUs), which Wolfe forecasts could reach 7 million units annually by 2028.
The firm positions Broadcom Inc. (NASDAQ:AVGO) as a key beneficiary of structural change in the AI chip market, driven by Google’s plan to provide TPUs to external clients. Moreover, Wolfe improved its long-term outlook, expecting $154.5 billion in revenue and $16 EPS by 2027….