Broadcom Stock Outlook: Is Wall Street Bullish or Bearish?

Palo Alto, California-based Broadcom Inc. (AVGO) designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally. The company has a market cap of $1.6 trillion and operates in two segments: Semiconductor Solutions and Infrastructure Software, and offers networking connectivity, wireless device connectivity, servers and storage system solutions, and more. 

The semiconductor giant’s shares have lagged behind the broader market over the past year and declined 1.9% compared to the S&P 500 Index’s ($SPX) 11.3% gain. Moreover, in 2026, the stock has fallen marginally, underperforming the SPX’s 11.3% rise.     

Zooming in further, the State Street Technology Select Sector SPDR ETF (XLK) has risen 19% over the past year, outpacing the stock. In 2026, XLK surged 21.1% and outperformed the stock. 

AVGO stock fell more than 10% on Nov. 5 after a shift in the United States' political landscape. Fueled by US midterm elections, AI infrastructure stocks and chipmakers are under pressure amid fears that the Democrats’ sweep of Congress will lead to tighter US data center regulation, in turn leading to stricter operating practices in these sectors. Despite the current selloff, analysts still seem optimistic about AVGO, given its extensive portfolio and massive market presence. 

For the current year, which ended in October, analysts expect AVGO’s EPS to rise 81.2% to $10.20 on a diluted basis. The company has surpassed the consensus estimate in each of the last four quarters. 

Among the 43 analysts covering AVGO stock, the consensus is a “Strong Buy.” That’s based on 33 “Strong Buy” ratings, four “Moderate Buys,” and six “Holds.”  

The configuration has grown bearish over the past month, with the stock now having 33 “Strong Buy” ratings, compared to 35 a month ago. 

On Oct. 28, Barclays analyst Thomas O'Malley maintained a “Buy” rating for AVGO stock and set a price target of $500. 

AVGO’s mean price target of $525.58 indicates a 52.2% premium over the current market price. Its Street-high target of $660 implies a robust 91.2% upside from current levels.  

On the date of publication, Aritra Gangopadhyay did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.