5-star analysts reset Broadcom stock price target

May 16, 2026 - 18:01

Broadcom (AVGO) shares have surged roughly 36% since early April, climbing from a close of $314.43 on April 6 to $428.61 by Friday afternoon, May 15. For context, the broader SPDR S&P 500 index (SPY) gained about 12.5% over the same stretch, meaning Broadcom more than tripled the market's return.

The outperformance has caught the attention of Wall Street's top analysts, several of whom have recently reset their price targets for the chipmaker. These five-star analysts cite Broadcom's resilient demand in networking and custom chip solutions, along with its steady dividend growth, as key drivers. One analyst noted that the company's diversification beyond smartphones into data center and infrastructure software provides a buffer against sector-wide slowdowns.

Despite the sharp run-up, the revised targets suggest there may still be room to run. The new price forecasts range from $450 to $500, implying a potential upside of 5% to 17% from current levels. Investors are now watching for any signs of softening in enterprise spending, but for now, the analyst consensus remains bullish on Broadcom's ability to sustain its momentum.