Wells Fargo Upgrades Broadcom (AVGO), Bernstein Keeps Outperform Rating [Yahoo! Finance]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: Yahoo! Finance
target on Broadcom Inc. (NASDAQ:AVGO) from $410 to $430 and upgraded its rating from Equal-Weight to Overweight. Wells Fargo noted that the recent weakness in the share price has created a better entry point for investors. The firm also pointed to growing confidence in new growth drivers that could support Broadcom Inc. (NASDAQ:AVGO) through 2026. Wells Fargo raised its estimates for the company for calendar years 2026 and 2027 based on stronger expectations for the AI semiconductor revenue. Earlier, on January 9, Bernstein reaffirmed its Outperform rating on Broadcom Inc. (NASDAQ:AVGO) with a price target of $475 after meeting with the company's leadership. The discussion focused on investor concerns about growing competition in the AI space. Following the meeting, Bernstein had “more conviction than ever” that the worries about competition are “hugely overblown” and that Broadcom Inc. (NASDAQ:AVGO) is not expected to lose its leadership position in the ASIC (Application-Specif
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AVGO
Earnings
- 12/11/25 - Beat
AVGO
Sec Filings
- 1/13/26 - Form 8-K
- 1/9/26 - Form 3
- 1/8/26 - Form 4
- AVGO's page on the SEC website