Broadcom (AVGO) Stock: Analysts Bullish Ahead of Wednesday Earnings
TLDR
- Broadcom reports Q3 FY26 earnings on September 2 after market close.
- J.P. Morgan reiterates a Buy rating with a $580 price target on AVGO.
- Wall Street expects EPS of $3.22, up 90.5% year-over-year, and revenue of $29.24 billion, up 83.3%.
- BakerAvenue’s King Lip names AVGO a “top pick,” seeing it as the key play for custom AI chips and inference demand.
- Wall Street consensus is Strong Buy, with an average price target of $511.88, implying 38% upside.
Broadcom is set to report its fiscal third-quarter results on Wednesday, September 2, after the closing bell. Heading into the print, AVGO stock is trading more than 25% below its year-to-date high.
Wall Street expects the chipmaker to post EPS of $3.22, a 90.5% jump year-over-year. Revenue is forecast to come in at $29.24 billion, up 83.3% from the same period last year.
J.P. Morgan analyst Harlan Sur reiterated his Buy rating on AVGO ahead of the report, keeping his price target at $580. Sur ranks No. 17 out of more than 12,500 analysts tracked on TipRanks, with a 70% success rate and an average return of 42.2% per rating.
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