Broadcom (AVGO) AI Chip Revenue Could Exceed $100 Billion by 2027, Rosenblatt Maintains Buy

Broadcom Inc. (NASDAQ:AVGO) ranks among the best FAANG+ stocks to invest in right now. On March 5, Rosenblatt boosted its price target for Broadcom Inc. (NASDAQ:AVGO) to $500, up from an unknown previous level, while retaining a Buy rating on the company’s shares. The firm referenced Broadcom’s first-quarter fiscal 2026 results, which matched expectations, and second-quarter revenue projections, which beat average forecasts by 10%.

Rosenblatt emphasized comments from CEO Hock Tan, who stated that the company’s fiscal 2027 visibility has significantly increased, with the company adding a path to achieving AI chip revenue of more than $100 billion.

Meanwhile, Baird had recently boosted its price target for Broadcom Inc. (NASDAQ:AVGO) to $630 from $420, maintaining an Outperform rating on the stock. The firm praised Broadcom’s unique ASIC technology and execution skills, as well as its strong networking deployment, which increases product mix. According to Baird, Anthropic rack installations are no longer expected to reduce XPU margins for Broadcom Inc. (NASDAQ:AVGO).

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor and infrastructure software company. It designs and supplies products, including custom chips, networking solutions, and enterprise software used across industries such as cloud computing, telecommunications, and data centers.

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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