Broadcom (AVGO) Price Target Raised to $430, AI Revenue Projections Significantly Increased
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 19 2026
0mins
Should l Buy AVGO?
Source: Yahoo Finance
- Price Target Upgrade: Wells Fargo analyst Aaron Rakers raised Broadcom's price target from $410 to $430 and upgraded the rating from Equal-weight to Overweight, reflecting confidence in the company's long-term AI-driven revenue and margin durability.
- Revenue Forecast Increase: Analysts have increased Broadcom's revenue estimates for 2026 and 2027 from $97 billion and $103.6 billion to $108.4 billion and $115.3 billion, respectively, indicating optimism about AI semiconductor revenue expected to reach $52.6 billion in 2026, a 116% year-over-year increase.
- AI Compute and Networking Revenue Growth: Broadcom's AI Compute revenue is projected to hit $36.6 billion in 2026, up 131% year-over-year, while AI Networking revenue is expected to reach $16.1 billion, an 87% increase, significantly boosting the company's overall performance.
- Strong Software Business: While non-AI chip business may remain flat, Broadcom's software segment is performing well, with Infrastructure Software revenue expected to maintain low double-digit growth, and a backlog of $73 billion at the end of FY25, indicating robust market demand.
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Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise
30 Analyst Rating
29 Buy
1 Hold
0 Sell
Strong Buy
Current: 427.360
Low
370.00
Averages
457.75
High
525.00
Current: 427.360
Low
370.00
Averages
457.75
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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