Price Prediction: Will Broadcom Stock Hit $500 This Year?

Quick Read

• AVGO fell 14% aft beardown Q2 earnings, and our exemplary present sees a way to $504 with 27% upside implicit 12 months.

• Hock Tan guided Q3 AI gross to $16 billion, representing implicit 200% year-over-year growth, portion 44 analysts complaint AVGO Buy with zero Sells.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Broadcom didn't marque the cut. Grab the names FREE today.

Broadcom (NASDAQ:AVGO) conscionable took 1 of the sharpest post-earnings drawdowns of the AI cycle, falling 13.78% successful a azygous week contempt posting 47.87% gross maturation and an eighth consecutive EPS beat. That dislocation is precisely wherefore our exemplary present sees meaningful upside backmost toward, and through, the $500 line.

The banal trades astatine $396.60 arsenic of June 8, 2026. Our 24/7 Wall St. terms people for Broadcom is $503.61, implying 26.98% upside implicit the adjacent 12 months. The proposal is bargain with a 90% assurance level, which is precocious by our standards.

24/7 Wall St. Price Target Summary

How a 48% Growth Quarter Became a $286 Billion Selloff

Broadcom closed astatine $495 the time it filed Q2 results connected June 3, 2026, past plunged 12.59% arsenic traders punished what was characterized arsenic airy Q3 AI guidance. The banal is present down 7.77% implicit the past period but inactive up 14.82% twelvemonth to day and 61.9% implicit the past year.

The underlying 4th was beardown connected each cardinal metric. Revenue deed $22.19 billion, non-GAAP EPS came successful astatine $2.44, and AI semiconductor gross surged 143% twelvemonth implicit twelvemonth to $10.80 billion. CEO Hock Tan guided Q3 AI gross to $16 billion, calling for maturation of "over 200 percent year-over-year." Free currency travel of $10.26 cardinal represented 46% of revenue.

The Case for $540 and Higher

Bulls person circumstantial catalysts. Mizuho told clients to bargain the dip, projecting a $600 billion-plus gross accidental from Google's TPU buildout by 2028. Bank of America has a $530 terms target, citing 48% YoY gross increase.

Hock Tan has publically targeted exceeding $100 cardinal successful AI income by 2027. Our bull-case way lands astatine $541.09, a 36.43% full return. Wall Street ratings interruption down to 7 Strong Buy, 37 Buy, 4 Hold, zero Sell.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Broadcom didn't marque the cut. Grab the names FREE today.

What Could Go Wrong

The carnivore lawsuit starts with insider behavior. Our records amusement 108 insider transactions skewed heavy to selling, including the CEO and elder executives liquidating into the $345 to $399 range. Composite sentiment sits astatine 37.38 (Bearish), down 28.11 points implicit 30 days. A trailing P/E of 64 leaves small country for execution slips. Louis Navellier already downgraded AVGO from Strong to Neutral. Our bear-case terms lands astatine $417.18.