Analysis indicates Broadcom (Broadcom) is a low-beta AI stock worth buying, with CEO projecting AI revenue to exceed $100 billion in fiscal year 2027
The analysis points out that Broadcom's AI revenue reached $10.8 billion in Q2, a 143% year-over-year increase, and has exceeded EPS expectations for eight consecutive quarters. CEO Hock Tan anticipates that Broadcom's AI-related revenue will surpass $100 billion in fiscal year 2027, supported by multi-generational agreements with companies such as Google, Meta, OpenAI, and Anthropic. Analysts' consensus target price for Broadcom is $528, implying an upside of approximately 27% from the current share price of $416, with analysts generally giving a "buy" rating.
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