"Broadcom has climbed 69.63% over the past year, though the stock is down 6.63% year-to-date and off 2.85% over the past month. The pullback comes despite a blowout Q1 FY2026 earnings report."
"CEO Hock Tan has set a public goal of exceeding $100 billion in AI sales by 2027. With Q2 FY2026 guidance calling for AI semiconductor revenue of $10.7 billion and total revenue of approximately $22 billion, up 47% year-over-year, the trajectory supports that ambition."
"Tan stated, 'We have never seen bookings of the nature that what we have seen over the past three months.' The bull case 1-year price target reaches $450.17, and the consensus analyst target stands at $472.01 with 48 buy ratings and zero sell ratings."
Broadcom's stock trades at $322.51, 14% below its 52-week high, despite a strong business performance. The company reported Q1 FY2026 revenue of $19.31 billion, a 29.47% year-over-year increase, and AI semiconductor revenue of $8.4 billion, up 106%. The bull case suggests a price target of $450.17, supported by a $73 billion AI backlog. However, risks include customer concentration in AI revenue, which could impact future growth.
Read at 24/7 Wall St.
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