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24/7 Wall St. analysts rate Broadcom (AVGO) as a Buy with a $403 price target, expecting its AI revenue to exceed $100 billion in fiscal year 2027
Analysts noted that Broadcom's Q2 revenue reached $22.19 billion, a 47.87% year-over-year increase, with AI semiconductor revenue at $10.8 billion, up 143% year-over-year. Company management expects AI revenue to reach $56 billion in fiscal year 2026 and potentially exceed $100 billion in fiscal year 2027. Despite Broadcom's stock price falling 12.88% over the past week, analysts believe its extended AI order visibility through 2028 supports a buy rating.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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