Benchmark Bullish on Broadcom (AVGO), Here’s What the Firm Thinks About Meta Deal

​Broadcom Inc. (NASDAQ:AVGO) is among the Stocks That Will Double in the Next 5 Years.

​On April 15, Benchmark reiterated a Buy rating on Broadcom Inc. (NASDAQ:AVGO) with a price target of $485. The firm noted that the recent AI partnership with Meta suggests that the company can exceed its target of generating more than $100 billion in AI semiconductor revenue in fiscal 2027. The firm noted that this target is a big jump for Broadcom, as it generated around $20 billion in AI revenue in 2025.

​The partnership between Meta and Broadcom is aimed at extending AI engagement till 2029 to deploy more than 1 gigawatt of custom AI accelerator capacity. Moreover, this is framed as a multi‑generation, multi‑year partnership, not just a one‑off order, which gives the company both longer‑dated visibility and revenue duration for its custom XPU program.

​Overall, the Street is bullish on Broadcom Inc. (NASDAQ:AVGO) as 94% of the 54 analysts covering the stock maintain a Buy rating. The average 12-month price target suggests more than 16% upside from the current level.

​Broadcom Inc. (NASDAQ:AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology at scale.

While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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