Veytics Intelligence
2026-09-16 · Yahoo

Wall Street Sees 56% Upside in Broadcom After Summer Selloff

Quick Read Broadcom trades at $339 versus a Wall Street consensus target of $532, a 55% gap that formed after shares fell 13.7% in one month. Hock Tan projects AI revenue reaching $115 billion in FY2027 and $230 billion in FY2028, despite an Anthropic slowdown report triggering the recent selloff. Customer concentration among a handful of hyperscalers means a single negative headline can move AVGO 10% in an afternoon, making position sizing critical. Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor) Broadcom (NASDAQ:AVGO) closed most recently at $339.27, while Wall Street's consensus 12-month price target is $531.85. On a market cap of roughly $1.

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