Broadcom Inc. (NASDAQ:AVGO) is among the stocks with the best earnings growth for the next 5 years. On January 15, Wells Fargo upgraded its rating on Broadcom Inc. (NASDAQ:AVGO) to Overweight from Equal-weight, while lifting the price target to $430 from $410, which suggests a potential upside of around 24%.
The leading bank noted the recent pullback in Broadcom Inc. (NASDAQ:AVGO), along with strengthening confidence in potentially significant incremental catalysts through 2026, for its bullish outlook. Additionally, Wells Fargo raised its revenue/EPS estimates to $100.3 billion/$10.80 from $97.0 billion/$10.36 for CY26 and to $143.8 billion/$15.35 and from $130.5 billion/$13.90 for CY27.
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These revisions imply improved guidance for the company’s AI semiconductor revenue, now projected to reach $52.6 billion, up 116% YoY, in 2026 and $93.4 billion, climbing 78% YoY, in 2027.
Wells Fargo now forecasts low double-digit YoY growth for the company’s Infrastructure Software segment in FY26, highlighting that Broadcom Inc. (NASDAQ:AVGO) said goodbye to FY25 with nearly $73 billion in Infrastructure Software backlog.
On the same day, Citi reaffirmed a ‘Buy’ rating on Broadcom Inc. (NASDAQ:AVGO) with a price target of $480 following a transfer of coverage. The firm backs its stance with the company’s growing AI sales.
Broadcom Inc. (NASDAQ:AVGO), founded in 1961, provides semiconductor devices and infrastructure software worldwide through its Semiconductor Solutions and Infrastructure Software segments.
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