Mizuho Raises Broadcom (AVGO) Price Target, Keeps Outperform Rating

Core Viewpoint - Broadcom Inc. (NASDAQ:AVGO) is recognized as one of the top American tech stocks to invest in, with Mizuho raising its price target from $355 to $410 following strong Q3 fiscal year 2025 results [1] Group 1: AI Revenue Outlook - Mizuho has increased its AI revenue forecast for Broadcom, projecting it to reach $39 billion in fiscal 2026, up from $35 billion [3] - The firm anticipates AI revenue will grow to $60 billion in fiscal 2027, revised from a previous estimate of $45 billion, and to $75 billion in fiscal 2028 [3][2] Group 2: Overall Revenue and Earnings Forecasts - Mizuho raised its overall revenue forecast for Broadcom to $84.4 billion for fiscal 2026, up from $79.6 billion, with EPS expected to be $9.27, an increase from $8.68 [4] - For fiscal 2027, revenue is projected at $108 billion with an EPS of $12.13, and for fiscal 2028, revenue is forecasted at $124 billion with an EPS of $14.05 [4] Group 3: Company Overview - Broadcom Inc. is a multinational technology company that specializes in designing, developing, and supplying a range of semiconductor, enterprise software, and security solutions [5]