24/7 Wall St. analysts initiated coverage on Broadcom (NASDAQ:AVGO) with a “Buy” rating and a $426.47 price target, implying 17.2% upside from its current close. The firm projects Broadcom could become one of the world’s most valuable tech companies, driven by its surging AI semiconductor revenue. Broadcom’s AI semiconductor revenue soared 221% year-over-year to $16.7 billion in Q3 FY2026, contributing to an 85.5% overall revenue increase to $29.59 billion. Management forecasts AI semiconductor revenue to reach approximately $115 billion in fiscal 2027 and $230 billion in fiscal 2028, backed by multi-year custom chip deals with major AI labs including Google, Meta, OpenAI, and Anthropic.