Wells Fargo Boosts Broadcom (AVGO) Price Target on New Growth Catalysts

1 month ago 27

Sheryar Siddiq

Fri, January 30, 2026 astatine 8:10 AM CST 1 min read

Broadcom Inc. (NASDAQ:AVGO) ranks among the most promising QQQ stocks according to hedge funds. On January 15, Wells Fargo boosted Broadcom Inc. (NASDAQ:AVGO) terms people to $430 from $410, and upgraded the banal from Equal-weight to Overweight. The slope noted the caller diminution successful Broadcom Inc. (NASDAQ:AVGO) shares, arsenic good arsenic accrued assurance successful perchance important caller catalysts done 2026, arsenic grounds for its much favorable outlook.

According to the firm’s updated calendar, Broadcom’s AI semiconductor gross is present estimated to scope $52.6 cardinal (increasing 116% year-over-year) successful 2026 and $93.4 cardinal (increased 78% year-over-year) successful 2027.

Wells Fargo reiterated its outlook for Broadcom’s non-AI semiconductor gross portion projecting humble double-digit year-over-year maturation for the company’s Infrastructure Software concern successful FY2026, pointing retired that Broadcom Inc. (NASDAQ:AVGO) ended FY25 with an Infrastructure Software pipeline of astir $73 billion.

Broadcom Inc. (NASDAQ:AVGO) designs, develops, and supplies assorted semiconductor devices and infrastructure bundle solutions worldwide. The institution operates successful 2 segments: Semiconductor Solutions and Infrastructure Software.

While we admit the imaginable of AVGO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.