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Broadcom Stock Could Be Approaching a Major Turning Point. Here’s the Price Target

Broadcom's share price keeps falling while its AI revenue explodes to record highs, and that widening gap between fundamentals and stock performance rarely lasts long before something gives.

By Vandita Jadeja
Published November 5, 2026, 8:03am ET · 3 min read

Price Targets desk. Editor: Vandita Jadeja.

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A large white and red Broadcom sign with its stylized wave logo stands on a green grassy area. Below the company name, directional arrows point to '1730 FOX DRIVE' and 'KIDDER PARK 1320'. Two figures, an adult and a child, walk away from the camera on a paved sidewalk next to the sign, with trees visible in the sunny background.
The Broadcom corporate sign stands prominently, symbolizing the company's steady presence in the evolving technology sector. Investors are keenly observing AVGO's strategic direction amidst market dynamics. © Justin Sullivan / Getty Images News via Getty Images

Broadcom (NASDAQ:AVGO | AVGO Price Prediction) closed at $326.08. The 24/7 Wall St. price target for Broadcom is $405.37 over the next 12 months. That implies 24.32% upside, and our model carries a buy rating with high confidence.

24/7 Wall St. Price Target Summary

Metric Value
Current Price $326.08
Price Target from 24/7 Wall St. $405.37
Upside/Downside 24.32%
Recommendation BUY
Confidence Level 90%

AVGO price target

The setup looks like a turning point to me. The stock sits 33.9% below its 52-week high even as management guides fiscal Q4 revenue to $34.8 billion, up 93% year over year. The share price and the fundamentals are moving in opposite directions, and I expect that gap to close.

A Sharp October Pullback Despite Record AI Sales

Shares fell 5.48% on October 30. Over the past month they are down 7.15%, and they are down 5.27% year to date. The stock trades 12.85% above its $288.95 52-week low.

Fiscal Q3 revenue came in at $29.591 billion, ahead of the $29.44 billion consensus. Non-GAAP EPS of $3.32 beat the $3.2382 estimate. AI semiconductor revenue reached $16.70 billion, up 221%.

Broadcom also set up an AI financing platform with Apollo Global Management (NYSE:APO) and Blackstone (NYSE:BX) that targets more than 20 gigawatts of compute for OpenAI and Anthropic. That expansion has to be powered, cooled and connected by somebody, and we featured seven suppliers behind the scenes in a free AI infrastructure report.

An infographic titled '12-Month Price Prediction for Broadcom (NASDAQ: AVGO)'. The top section, 'The Call', shows a current price of $326.08, a price target of $405.37, and a 24.32% upside, with a 'BUY' recommendation at 90% confidence. The 'How We Got There' section details weights for Trailing P/E (20%), Forward P/E (50% at 18x on $18.44 EPS), and Analyst Consensus (30%), leading to a Weighted Base Price of $353.72. 'Our Adjustments' section visualizes this with bar charts: a blue bar for the $353.72 base price, a large green bar for the 247FACTOR (+1.146x) influenced by bullish analysts, strong earnings growth, and sector momentum, followed by smaller red bars for negative adjustments from higher volatility (Beta 1.48) and mega-cap drag, culminating in a blue bar for the Final Target Price of $405.37. The 'Bull Case' section highlights FY2027 AI revenue, CEO EPS targets, and customer growth, with a target of $534.37. The 'Bear Case' section lists risks like margin dilution, customer concentration, and gross fixed-rate debt, with a target of $361.78. The 'Bottom Line' reiterates the BUY recommendation and $405.37 target price, noting cheap forward multiples against AI growth but risks in execution and concentration. The infographic also displays the 24/7 Wall St. logo and the date November 2, 2026.
24/7 Wall St.

Why Bulls See $534 Within Reach

Management expects AI revenue of about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. CEO Hock Tan said Broadcom is “very much on target to exceed $30 in earnings per share in fiscal 2028.”

He also said “Anthropic is on track to become our largest XPU customer in 2027.” The consensus analyst target is $530.14, with 47 Buy or Strong Buy ratings and 3 Holds. Our bull case is $534.37.

AVGO analyst ratings

Margin Dilution and Customer Concentration Top the Risk List

Gross margin guidance for Q4 is about 73%, compared with 78% a year ago, because memory-heavy XPUs make up a growing share of sales. Operating margin is guided near 66% as revenue increases much faster than expenses.

A few of leading research labs drive most AI demand, and gross fixed-rate debt stands at $59.6 billion. Broadcom did repay $5.6 billion of that debt in Q3. Our bear case is $361.78, which is still above today’s price.

Broadcom Trades in Line With NVIDIA and Far Below AMD

NVIDIA (NASDAQ:NVDA) is the GPU leader that Broadcom’s custom accelerators compete against. NVIDIA increases revenue 105.85% at a P/E of about 41, which is nearly the same multiple Broadcom carries.

Advanced Micro Devices (NASDAQ:AMD) is fighting for the same hyperscaler budgets. AMD trades near 190x earnings on 50.11% growth. Next to these two peers, our target looks conservative.

Company Trailing P/E Revenue Growth (YoY)
Broadcom 42 85.5%
NVIDIA 41 105.85%
AMD 190 50.11%

Growth at a Discount Makes Broadcom Compelling

The 24/7 Wall St. price target stands at $405.37, with a buy rating and 90% confidence. What determines it for me is the forward multiple, which looks cheap against AI revenue that is still growing.

Upside builds up if Q4 AI revenue reaches $21.7 billion while operating margins hold. The outlook weakens if a major lab delays its deployments. The case for Broadcom remains positive for now.

AVGO price scenario

Broadcom Price Prediction 2026-2030

Looking further out, this is where the 24/7 Wall St. price target model projects Broadcom could trade if current growth and market conditions continue.

Year Price Target from 24/7 Wall St.
2026 $405.37
2027 $412.08
2028 $459.78
2029 $542.97
2030 $589.32

The projections rest on Broadcom continuing to execute on its custom accelerator roadmap. Results could land well above or below these figures depending on hyperscaler spending, supply bottlenecks and how fast AI networking is adopted.

Contact [email protected] for any questions or corrections.

Disclaimer: Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. Guides are provided by Fisher Investments. The publisher may be compensated when readers request a guide.
Vandita Jadeja

Vandita Jadeja is a financial publisher with over a decade of experience writing about financial topics, including investment, savings, retirement, insurance and banking. Vandita is a Chartered Accountant who loves to debunk financial concepts for readers.

Her work has appeared on sites that include The Motley Fool, InvestorPlace, and Benzinga. She covers investing and focuses on stock picks and price prediction for 24/7 Wall St.

When not looking for the next stock investment opportunity, she can be found traveling, reading, chasing sunsets and enjoying her iced latte.

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