By David Jagielski, CPA
Publication Date: 2026-04-20 15:30:00
When you’re investing in a stock that’s achieved significant gains in recent years, a potential worry is that it may have reached a peak, or that it’s approaching one. But when a business is doing well, then a strong case can still be made for why the stock can continue to rise higher. Artificial intelligence (AI) is proving to be a huge catalyst for many tech stocks these days.
Broadcom (AVGO 2.26%) is an excellent example of that. The company makes custom chips for tech companies, and as they have expanded their AI capabilities and built new AI-powered products and services, Broadcom’s business has been thriving. The stock is now up around 800% in just the past five years. Has it gotten too expensive, or can it still rise higher?
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Analysts think it may be approaching a peak
Broadcom’s stock closed at $406.54 last week. And according to the consensus analyst price target of $435.30, it may still rise further, but at that level, the upside would be less…
