By Jeff Lewis
Publication Date: 2026-05-18 15:08:00
Broadcom Inc. (NASDAQ:AVGO) is one of the
10 Fastest Growing S&P 500 Stocks to Buy Now.
On May 14, 2026, Wells Fargo raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $545 from $430 while maintaining an Overweight rating on the shares. The firm raised its fiscal 2027 and fiscal 2028 revenue estimates by 22% and 19%, respectively, while also increasing EPS forecasts by 28% and 23% relative to consensus expectations. Wells Fargo said its updated analysis suggests Broadcom’s AI semiconductor revenue opportunity could be running 30%-40% above prior assumptions.
Citi analyst Atif Malik also raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) to $500 from $475 while maintaining a Buy rating on the shares ahead of earnings. Citi said stronger AI demand should help Broadcom deliver April quarter results modestly above expectations and cited improving earnings visibility for the target increase.
