By David Moadel
Publication Date: 2026-05-14 15:20:00
© Justin Sullivan / Getty Images News via Getty Images
Wells Fargo just delivered one of the most dramatic large-cap semiconductor revisions of the year, raising its price target on Broadcom (NASDAQ:AVGO | AVGO Price Prediction) to $545 from $430 while maintaining an Overweight rating. The driver is a new “pluggable gigawatt-driven” framework that ties AI silicon demand to physical data center power capacity, implying AI semiconductor revenue is running 30% to 40% higher than prior consensus.
The firm also lifted its fiscal 2027 revenue and EPS estimates for Broadcom by 22% and 19% versus consensus, and its fiscal 2028 figures by 28% and 23%. Broadcom stock traded up 5% to $438 following the call.
| Ticker | Company | Firm | Action | Old Rating | New Rating | Old Target | New Target |
|---|---|---|---|---|---|---|---|
| AVGO | Broadcom | Wells Fargo | Price Target Raised | Overweight | Overweight | $430 | $545 |
The Analyst’s Case
Wells Fargo’s new model estimates AI chip demand based on hyperscaler power capacity…
