By Ghazal Ahmed
Publication Date: 2026-01-19 20:46:00
Broadcom Inc. (NASDAQ:AVGO) is one of the AI Stocks Analysts Are Watching Closely. On January 15, Wells Fargo analyst Aaron Rakers raised the price target on the stock to $430 from $410, upgrading to Overweight from Equal-weight.
With recent pullback in shares seen as an attractive re-entry point, analysts have expressed confidence in AVGO’s long-term AI driven revenue and margin durability.
“We think the recent pull-back in shares of Broadcom, coupled with increasing confidence in potentially meaningful incremental catalysts looking through 2026, gives us the opportunity to get constructive.”
The firm has increased its calendar 2026 and 2027 estimates for the company, from $97.0B / $103.6B and $130.5B / $139.0 to $108.4B / $115.3B, respectively. The revised estimates are a reflection of higher projections for Broadcom’s AI semiconductor revenue, now expected to reach $52.6 billion (up 116% year-over-year) in 2026 and $93.4 billion (up 78% year-over-year) in 2027.
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