Wall Street’s Broadcom Target Sits Above Its 52-Week High. Is the Street Right?

Quick Read

• 24/7 Wall St. rates AVGO a BUY targeting $409, but Wall Street’s consensus of $529 already sits above Broadcom’s 52-week high.

• The CEO said Broadcom is “very much on target to exceed $30 in earnings per share in fiscal 2028” and “Q3 demand was simply hot.”

• Broadcom’s forward P/E of 19 looks cheap beside NVDA’s matching trailing P/E of 43 and AMD trading near 200x trailing earnings.

• Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Broadcom didn’t make the cut. Enter your email to see the names that beat AVGO. The report is free. Enter your email and see if any of your stocks made the cut.

Our 24/7 Wall St. price target for Broadcom (NASDAQ:AVGO) is $408.73. That sits about 20.1% above the current price of $340.24, and our model rates the stock a buy with high confidence.

24/7 Wall St. Price Target Summary