Price Prediction: Broadcom Stock Will End The Year at This Price

AVGO's AI semiconductor revenue surged 143% to $10.8 billion last quarter, and Hock Tan says 2027 AI revenue will "very easily" exceed $100 billion.

AVGO commands a higher trailing P/E than NVDA and outpaces MRVL on AI growth, with VMware's software engine funding a $10 billion buyback.

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Broadcom (NASDAQ:AVGO) sits atop one of the most consequential AI infrastructure stories of the decade. AI semiconductor revenue compounds at triple-digit rates, custom accelerator bookings stack faster than the company can ship, and management guides to growth reacceleration into the back half of fiscal 2026.

Our 24/7 Wall St. price target for Broadcom is $416.68, implying 5.93% upside from the $393.35 quote. The recommendation is buy, with 90% confidence.

AVGO is up 41% over the past year and 11.37% year to date, though the stock has cooled from a 52-week high of $494.18.

Q2 fiscal 2026 delivered revenue of $22.19 billion, up 47.9% year over year, and non-GAAP EPS of $2.44 extended the streak to eight consecutive quarters EPS beats. AI semiconductor revenue reached $10.80 billion, up 143%. In early July, reports of a $30 billion Apple chip deal through 2031 briefly pushed wallstreetbets sentiment to 75.

The bull case is straightforward: this is a next-Nvidia-caliber compounding story. CEO Hock Tan called AI XPU and networking demand "simply insatiable" and told investors 2027 AI revenue will "very easily" exceed $100 billion. Q3 guidance calls for $29.4 billion in revenue and $16 billion in AI silicon, up over 200%.

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Confirmed gigawatt commitments from OpenAI, Anthropic, Meta, and Google, plus a $35 billion Apollo-backed XPU platform, provide visibility into 2028. Our bull scenario prices AVGO at $533.02, a 35.51% total return, tracking closely with $523.73 Street consensus.

AVGO trades at a trailing P/E of 67 and forward P/E of 21, leaving no room for AI capex disappointment. Customer concentration is real: a handful of hyperscalers dominate the pipeline, and 68 recent insider transactions were net sellers. Total liabilities sit at $91.47 billion.

Our bear scenario points to $364.84, a 7.25% pullback. Gross margin compression to approximately 74% in Q3 reflects mix shift toward high-volume XPUs. Free cash flow at 46% of revenue still funds the $10 billion buyback with room to spare.

NVIDIA (NASDAQ:NVDA) is the merchant GPU standard. NVIDIA trades at a lower trailing multiple than AVGO's 67, suggesting our target embeds a real premium for Broadcom's software-plus-custom-silicon mix.

Marvell Technology (NASDAQ:MRVL) is the purest custom silicon comparable. Marvell grows more slowly than Broadcom's AI segment and lacks the VMware software cash engine. That asymmetry makes our target a balanced one.

The 24/7 Wall St. price target with a buy rating and high confidence is anchored by AI bookings visibility stretching into 2028. AVGO looks most constructive if it consolidates into Q3 earnings and Hock Tan reiterates the 2027 AI target. The setup weakens if hyperscaler AI capex commentary softens or gross margins slip below 73%.

These projections assume Broadcom executes on the $100 billion 2027 AI target and holds operating margins near 67%. Meaningful upside or downside comes from hyperscaler capex resets, VMware renewal cycles, or export policy shifts affecting AI silicon.

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Contact editorial@247wallst.com for any questions or corrections.