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The Street is Bullish on Broadcom Inc. (AVGO), Here’s What the Analysts Think About the Stock
Wall Street analysts are overwhelmingly bullish on Broadcom Inc. (AVGO), with 94% holding Buy ratings and an average 12-month price target suggesting over 13% upside. Analysts project more than 48% EPS growth for the company over the next five years, driven by strong growth in custom chips, AI networking, and software, including deals with Google, Anthropic, and OpenAI. Mizuho, Wells Fargo, and J.P. Morgan are among the firms reiterating Buy ratings on the stock.