The strongly bullish sentiment surrounding Broadcom (NASDAQ: AVGO) that was prevalent in late August was seemingly completely squashed at the start of September due to the publishing of a relatively disappointing earnings report and the broad stock market selloff.
Despite the temporary downturn, AVGO shares have regained the upward momentum since, and Wall Street analysts have only confirmed their optimism about the technology giant with their most recent rating revisions.
Broadcom stock, at press time on September 19, boasts an impressive ‘strong buy’ overall rating on the asset analysis platform TradingView and is widely predicted to rise another 19.07% to $192.50 in the coming 12 months from AVGO price today of $166.91.
Picks for you
The decisive rating is the result of the fact that none of the 46 experts represented on TradingView recommend selling the stock. Additionally, 33 consider it a ‘strong buy,’ and seven a ‘buy.’
Only six analysts have given AVGO shares arelatively weak ‘hold’ rating during the previous 3 months.
Broadcom stock prediction 2025
Additionally, while the average expected upside would already see a substantial increase of Broadcom stock’s price to $192.50, the biggest AVGO bulls – Rosenblatt Securities – consider $240 a realistic price to expect for 2025.
The most recent forecasts have also been almost universally positive. For example, JPMorgan (NYSE: JPM) reiterated its ‘buy’ rating on September 6 but increased its 2025 AVGO stock price prediction to $210.
On the same day, both Goldman Sachs (NYSE: GS) and Bernstein also confirmed they consider Broadcom shares a ‘buy,’ albeit with somewhat lower 12-month targets. The former set its sights for AVGO stock at $190 and the latter at $195.
Still, not all revisions have been entirely positive, with, for example, UBS maintaining the positive outlook but also lowering the target for 2025 from $173.50 to $170.
Finally, the most recent experts to weigh in on whether investors ought to wager on Broadcom – William Blair – also proved positive on September 18 and initiated their coverage with an ‘outperform’: a buy recommendation.
The latest coverage emphasized Broadcom’s long-term growth prospects arising from the continuation of the artificial intelligence (AI) boom, rising custom chip demand, and improved monetization of software.
On September 17, Jim Cramer came out of the interview with Broadcom CEO, Hock Tan, as he also described the technology giant as a strong long-term play, despite the recent wild trading.
Cramer, for example, also expressed optimism about Broadcom’s continued growth, largely due to its strong involvement in the ongoing AI boom.
Broadcom fixes critical software vulnerability
Meanwhile, Broadcom also announced a move that is set to help it avoid future headaches and eventually pay dividends to investors in terms of growth.
The technology giant managed to fix a critical vulnerability affecting multiple VMware products, per reports from September 17. The issue was discovered earlier this year during China’s 2024 Matrix Cup hacking contest.
It is worth remembering that CrowdStrike’s (NASDAQ: CRWD) shares plunged more than 25% in early August after issues with its software triggered a global IT outage.
AVGO stock price chart
Finally, no matter what happens with AVGO stock by and in 2025, it has been undergoing a strong recovery from its early September drop in recent weeks.
Indeed, after falling to lows near $137 on September 5, the stock price of Broadcom is back up to its press time price of $166.91. Still, it is worth noting that the pullback was deep enough that the positive momentum has only barely ensured the shares are in the green – by 0.67% – in the monthly chart.
Zooming out, however, reveals just how strong AVGO shares have been in 2024, as the company is up 53.47% year-to-date (YTD) in the stock market.
Buy stocks now with eToro – trusted and advanced investment platform
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
