The Street is Bullish on Broadcom Inc. (AVGO), Here’s What the Analysts Think About the Stock

​Wall Street has a bullish sentiment on Broadcom Inc. (NASDAQ:AVGO) as 94% of the 54 analysts covering the stock have a Buy rating. The 12-month average price target of analysts suggests more than 13% upside from the current level. Moreover, the Street expects the company to grow its EPS by more than 48% over the next 5 years. As a result, Broadcom ranks among the Best Stocks to Buy and Hold For the Next 5 Years.

​Recently, on April 17, Mizuho reiterated an Outperform rating on the stock with a price target of $480. The rating comes after the firm had a call with Broadcom’s CEO, CFO, and Head of Investor Relations. The discussions with the higher management of the company revealed strong growth drivers across custom chips, AI networking, and software, positioning AVGO for sustained AI revenue expansion.

​The firm noted that the company is expanding the ASIC pipeline, including TPUs for Google, Anthropic’s 3.5-gigawatt deal starting in 2027, MTIA, and OpenAI across multi-gigawatt deployments and generations. Mizuho noted that this diversification de-risks long-term demand and supports the goal of AI revenue exceeding $120 billion by 2027.

​In addition to Mizuho, Wells Fargo, and J.P. Morgan also have a Buy rating on the stock with $430 and $500 price targets, respectively.

​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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