By Rameen Kasana
Publication Date: 2026-01-17 11:45:00
Broadcom Inc. (NASDAQ:AVGO) is among the stocks with the best earnings growth for the next 5 years. On January 15, Wells Fargo upgraded its rating on Broadcom Inc. (NASDAQ:AVGO) to Overweight from Equal-weight, while lifting the price target to $430 from $410, which suggests a potential upside of around 24%.
The leading bank noted the recent pullback in Broadcom Inc. (NASDAQ:AVGO), along with strengthening confidence in potentially significant incremental catalysts through 2026, for its bullish outlook. Additionally, Wells Fargo raised its revenue/EPS estimates to $100.3 billion/$10.80 from $97.0 billion/$10.36 for CY26 and to $143.8 billion/$15.35 and from $130.5 billion/$13.90 for CY27.
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These revisions imply improved guidance for the company’s AI semiconductor revenue, now projected to reach $52.6 billion, up 116% YoY, in 2026 and…