‘A Top Pick for 2026,’ Says Top Analyst About Broadcom Stock (AVGO)
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Shalu Saraf](/news/author/shalu-saraf)
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!‘A Top Pick for 2026,’ Says Top Analyst About Broadcom Stock (AVGO)
Broadcom (AVGO), a key chip and networking supplier, is heading into earnings with strong momentum, according to Mizuho. In a new note, top analyst Vijay Rakesh reiterated his Outperform rating on the stock and kept his $435 price target, which suggests about 14% upside from current levels. Mizuho sees Broadcom as one of the most attractive names in the AI hardware group and continues to call it a “Top Pick” in this space.
Broadcom is scheduled to announce its results for the fourth quarter of Fiscal 2025 after the market closes on Thursday, December 11. Wall Street expects Broadcom to report earnings per share (EPS) of $1.66 on revenues of $17.47 billion.
Rakesh Sees More Upside Ahead for AVGO Stock
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The 5-star analyst said his latest checks point to steady demand from Google (GOOGL), which is expanding the reach of its TPU systems across Gemini 3 and newer AI models. This expansion, he said, supports more custom chip wins for Broadcom.
The analyst also pointed to Google’s deeper work with Meta (META), Apple (AAPL), and Anthropic, all of which are ramping up AI workloads. And as these companies train larger models, they need faster and more efficient chips. Rakesh said this shift puts Broadcom in a good spot to see more AI-driven revenue through 2026.
He further noted steady strength in Broadcom’s networking business. The company provides the switches and chips that help run large AI clusters, and demand is growing as cloud firms expand. He added that Broadcom has several new chip programs set to ramp in Fiscal 2027 and 2028, which keeps the company ahead of current Wall Street estimates.
It is worth noting that Rakesh ranks 50 out of more than 10,000 analysts tracked by TipRanks. He has a success rate of 59%, with an average return per rating of 30.40% over a one-year timeframe.
Is Broadcom a Buy or Sell Stock?
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According to TipRanks, AVGO stock has a Strong Buy consensus rating based on 23 Buys and two Holds assigned in the last three months. At $425.13, the Broadcom average share price target implies almost 11.57% upside potential.