By Vandita Jadeja
Publication Date: 2026-06-09 13:37:00
Quick Read
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AVGO fell 14% after strong Q2 earnings, and our model now sees a path to $504 with 27% upside over 12 months.
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Hock Tan guided Q3 AI revenue to $16 billion, representing over 200% year-over-year growth, while 44 analysts rate AVGO Buy with zero Sells.
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Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn’t make the cut. Grab the names FREE today.
Broadcom (NASDAQ:AVGO) just took one of the sharpest post-earnings drawdowns of the AI cycle, falling 13.78% in a single week despite posting 47.87% revenue growth and an eighth straight EPS beat. That dislocation is exactly why our model now sees meaningful upside back toward, and through, the $500 line.
The stock trades at $396.60 as of June 8, 2026. Our 24/7 Wall St. price target for Broadcom is $503.61, implying 26.98% upside over the next 12 months. The recommendation is buy with a 90% confidence level, which is high by our standards.