Prediction: This AI Giant Still Has Room to Grow

Broadcom (NASDAQ:AVGO | AVGO Price Prediction) is the second most important name in AI infrastructure, with shares delivering a 43.48% one-year return through July 22. The 24/7 Wall St. price target sees room to run, though the near-term climb is more measured than the last twelve months.

24/7 Wall St. Price Target for Broadcom

Broadcom trades at $389.35. Our 24/7 Wall St. price target is $412.30, implying 5.9% upside over 12 months. The recommendation is buy with 90% confidence. That reflects high conviction tempered by AVGO’s nearly $1.888 trillion market cap, which limits multiple expansion.

Whiplash After a Blowout Quarter

Broadcom’s Q2 FY2026, reported June 3, 2026, delivered revenue of $22.187 billion (up 47.9% YoY), non-GAAP EPS of $2.44, and AI semiconductor revenue of $10.8 billion, up 143% YoY. Shares slid from $495 at filing to $360.45 thirty days later, a 27.2% drawdown against the Nasdaq-100’s -3.8%.

Sentiment rebounded on the July 8 Apple custom AI chip announcement worth more than $30 billion through 2031, and Morgan Stanley’s Portfolio Solutions added Broadcom on July 23 for “diversified exposure to multi-year AI infrastructure spending.” AVGO now trades 6% below its 52-week high of $494.18.

The Case for $500+

CEO Hock Tan guided AI semiconductor revenue to $16 billion in Q3 FY2026, up over 200% year-on-year and a path to in excess of $100 billion in AI revenue for FY2027. Bookings visibility extends to 2028, with Q2 AI bookings of over $30 billion against $10.8 billion shipped.

Google, Anthropic, OpenAI, Meta, and two additional customers each represent multi-gigawatt XPU commitments, with 2027 shipments guided at 10 gigawatts. If sector momentum holds, the bull case points to $532.66 in one year, and the 44 buy ratings vs. zero sells suggest Wall Street shares that view.

What Could Go Wrong

Broadcom trades at roughly 66x earnings, with an implied P/E of 48x on the price target. Customer concentration is real: hyperscalers can insource, and Anthropic’s July agreement to buy two gigawatts of GPU capacity from AMD shows the multi-supplier playbook spreading.

Insider activity has skewed toward selling across 62 recent transactions. The bear case sees AVGO at $364.09 over the next year. Bulls counter that management is deliberately building 86 days of inventory ahead of an accelerating second half, signaling confidence.

How Broadcom Compares to NVIDIA and Marvell

NVIDIA (NASDAQ:NVDA) is the valuation anchor. NVIDIA posted Q1 FY2027 revenue of $81.6 billion, up 85.2% YoY, with Data Center Networking alone up 199%, competing directly with Broadcom’s Ethernet AI switches. At a trailing P/E near 43x against Broadcom’s 66x, NVIDIA looks cheaper on earnings despite faster growth, making the mega-cap dampener prudent.

Marvell Technology (NASDAQ:MRVL) is the pure custom-ASIC comp. Marvell delivered Q1 FY2027 data center revenue of $1.83 billion, up 27% YoY, and guided Q2 to $2.7 billion, roughly 35% growth. Next to Broadcom’s Q3 AI guide of $16 billion (up 200%+), AVGO emerges as the runaway leader in custom accelerators, making the $412.30 target reasonable.

Verdict: High Conviction With Sizing Discipline

The 24/7 Wall St. price target of $412.30 with a buy rating and 90% confidence reflects a company printing record margins, sitting on a $100 billion-plus FY2027 AI revenue runway, and anchoring dividend-growth ETFs.

The stock suits investors who can stomach the volatility that took AVGO from $495 to $360 in a month, while the bear case still touches $364 for those monitoring a lower entry. This is a core AI infrastructure holding suited for long-term positioning.

Broadcom Price Prediction 2026-2030

Extending the model forward, here is where we see AVGO trading through the decade, assuming the AI infrastructure cycle and Hock Tan’s $100 billion AI revenue goal remain on track.

These projections assume Broadcom converts its 2027-2028 bookings visibility into shipments. Meaningful upside or downside could come from hyperscaler insourcing or acceleration in gigawatts shipped beyond the current 10-gigawatt 2027 plan.

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