Wall Street sets Broadcom (AVGO) stock price for next 12 months

Core Viewpoint - Wall Street analysts project Broadcom (NASDAQ: AVGO) will trade just below $300 in the next 12 months, driven by increasing demand in the AI sector [1][4]. Group 1: Stock Performance - AVGO has recovered from an early April dip, with year-to-date gains of 21%, and is currently valued at $281.01, reflecting a nearly 2% increase in the past 24 hours [1]. - The stock gained momentum following strong Q2 2025 results, with revenue rising 20% year-over-year to a record $15 billion, slightly exceeding estimates [3]. Group 2: Revenue and Growth Projections - Q3 revenue is projected at $15.8 billion, with AI chip sales expected to reach $5.1 billion, marking a continuation of a 10-quarter growth streak [3]. - Analysts expect AI to account for over 40% of Broadcom's business by 2026, indicating significant growth potential in this sector [7]. Group 3: Analyst Ratings and Price Targets - AVGO holds a consensus rating of 'Strong Buy' from 30 analysts, with 28 rating it a 'Buy' and two maintaining a 'Hold' [4]. - The average 12-month price target is $299.23, suggesting a 6.44% upside from the current level [4]. - Oppenheimer's Rick Schafer raised his price target from $265 to $305, citing expanding earnings potential and a defensible technology portfolio [6]. - Goldman Sachs analyst James Schneider initiated coverage with a 'Buy' rating and a $315 price target, highlighting Broadcom's strong position in infrastructure software [7]. - Mizuho analyst Vijay Rakesh raised Broadcom's price target from $310 to $315, maintaining an 'Outperform' rating due to strong momentum in AI and expectations for industry-leading margins [8].