Wall Street analysts are projecting that American semiconductor company Broadcom (NASDAQ: AVGO) will trade just below $300 over the next 12 months, as the firm continues to capitalize on growing demand in the artificial intelligence (AI) sector.
Notably, AVGO has recovered from its early April dip, with year-to-date gains standing at 21%. As of press time, the stock is valued at $281.01, representing a nearly 2% increase in the past 24 hours.
The stock gained momentum following strong Q2 2025 results, with revenue rising 20% year-over-year to a record $15 billion, slightly ahead of estimates.
Growth was driven by demand for AI chips and strong performance from VMware. The outlook remains bullish, with Q3 revenue projected at $15.8 billion and AI chip sales expected to reach $5.1 billion, extending a 10-quarter growth streak.
Wall Street outlook on AVGO stock
Meanwhile, Wall Street analysts are showing confidence in the stock. According to 30 analysts on TipRanks, AVGO holds a consensus rating of ‘Strong Buy’. Of those, 28 rate the stock a ‘Buy’, while two maintain a ‘Hold’. The average 12-month price target stands at $299.23, implying a 6.44% upside from the current level.
Among recent analyst outlooks, on July 15, Oppenheimer’s Rick Schafer reiterated an ‘Outperform’ rating on AVGO and raised his price target from $265 to $305. He cited expanding earnings potential based on CY26 EPS forecasts, steady exposure to industrial and infrastructure markets, and a defensible technology portfolio. According to Schafer, these strengths support a premium valuation, aligning Broadcom with its top-tier peers.
On July 10, Goldman Sachs analyst James Schneider initiated coverage on Broadcom with a ‘Buy’ rating and a $315 price target. He pointed to the company’s strong position in infrastructure software, built through a long-term M&A strategy, and its leading role in enterprise networking silicon. Schneider expects Broadcom to maintain leadership in custom silicon for major U.S. hyperscalers, projecting that AI will account for over 40% of the company’s business by 2026.
Finally, on July 13, Mizuho analyst Vijay Rakesh raised Broadcom’s price target from $310 to $315, while maintaining an ‘Outperform’ rating. He cited strong momentum in AI and expectations for industry-leading margins and free cash flow growth by FY 2026. Rakesh also pointed to Broadcom’s record Q2 revenue as a key driver behind the bullish outlook.
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