By Vandita Jadeja
Publication Date: 2026-10-05 14:30:00
Broadcom’s AI revenue is tripling while its stock sits nearly 30% below its peak, creating a gap that either signals a buying opportunity or a warning sign worth understanding before December’s earnings report.
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Broadcom (NASDAQ:AVGO | AVGO Price Prediction) trades at $351.19. Our 24/7 Wall St. price target is $423.79 over the next 12 months. That means 20.67% upside, and our model rates the stock a buy with high confidence.
| Metric | Value |
|---|---|
| Current Price | $351.19 |
| 24/7 Wall St. Price Target | $423.79 |
| Upside/Downside | 20.67% |
| Recommendation | BUY |
| Confidence Level | 90% |
Management’s guidance supports the thesis. On the most recent earnings call, CEO Hock Tan said “Q3 demand was simply hot and we’re just getting started.” Broadcom expects AI revenue of about $115 billion in fiscal 2027 and $230…