Broadcom (AVGO) Stock: Cathie Wood Is Buying and Benchmark Is Bullish Before Earnings
TLDR
- Broadcom reports Q3 FY26 earnings on September 2, with Wall Street expecting EPS of $3.22, up 90.5% year-over-year.
- Benchmark analyst Cody Acree reiterated a Buy rating on AVGO with a $545 price target.
- AVGO has risen just 7% year-to-date and trades near the low end of its AI peer group valuation.
- ARK Invest bought 55,131 AVGO shares on August 28, worth over $20 million.
- Wall Street holds a Strong Buy consensus on AVGO, with an average price target of $512.36, implying 39% upside.
Broadcom is set to report its fiscal Q3 FY26 results on September 2, and analyst expectations are running high heading into the print.
AVGO stock is trading at $368.62, up just 7% year-to-date after a rough stretch that includes a 13% drop following Q2 FY26 results. Those results were strong on paper, but missed the elevated AI expectations that had built up on the buy side.
Benchmark analyst Cody Acree reiterated his Buy rating on AVGO ahead of earnings, keeping his price target at $545. He pointed to the recent pullback as creating a better entry point for investors.
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