Broadcom (AVGO) Stock Price Forecast 2026: Can AI and $10 Billion Chip Orders Power the Next Leg Higher?

Broadcom’s stock has been on a tear in 2025 — and Wall Street now sees 2026 as a make‑or‑break year for the AI chip giant’s valuation.

As of the close on November 28, 2025, Broadcom (NASDAQ: AVGO) traded around $402.96 per share, near its 52‑week high of about $403.00 and up roughly 74% year to date from $231.84 at the start of 2025. ^[1] That surge has pushed its market cap to about $1.9 trillion and its trailing P/E above 100, one of the richest valuations in the semiconductor sector. ^[2]

At the same time, Broadcom’s AI business is exploding. The company has:

Announced more than $10 billion in AI infrastructure orders from a new customer for 2026,
Deepened partnerships with Alphabet/Google, OpenAI and other hyperscalers on custom AI chips, and
Guided to AI revenue potentially reaching $20–30+ billion annually in the next couple of years. ^[3]

No surprise, then, that investors are asking a very specific question:

What is Broadcom’s stock price likely to be by the end of 2026?

Below is a data‑driven look at current forecasts, 2026 catalysts, and scenario‑based ranges — along with the risks that could derail even the most bullish AI thesis.

Note: All figures and forecasts are current as of November 30, 2025 and may change. Nothing here is financial advice; always do your own research or consult a licensed adviser.

Where Broadcom Stock Stands Today

Before looking ahead to 2026, it helps to understand how stretched — or justified — today’s price already is.

Key snapshot (late November 2025) ^[4]

Share price: ~$403
52‑week range: ~$138 to ~$403
Market cap: ~$1.90 trillion
Trailing P/E: ~102–102.8
Dividend yield: ~0.6%
Consensus rating: overwhelmingly “Buy” / “Strong Buy” (no major firm has a Sell)
YTD performance 2025: about +74% from ~$231.84 to ~$402.89

A 10‑for‑1 stock split in July 2024 made the price appear lower per share, but did not change the business fundamentals. ^[5]

Valuation services like WallStreetZen and MarketBeat flag Broadcom as expensive versus semiconductor peers, with a P/E near 100 vs. an industry average around the 70s, and a price‑to‑book ratio above 25x. ^[6] That high bar means 2026 needs to deliver very strong earnings growth to keep the stock moving higher.

Why 2026 Is a Pivotal Year for Broadcom

Several AI and software storylines converge in 2026:

1. AI revenue inflection

Broadcom’s AI chip and networking business has gone from “interesting” to “core.”

Fiscal 2024: AI‑related chip revenue was about $12.2 billion, up roughly 220% year over year, and estimated at around 70% share of the custom AI chip market. ^[7]
Q3 FY 2025: total revenue reached $15.95 billion (+22% YoY), with AI semiconductor sales up 63% to $5.2 billion. Broadcom guided Q4 AI revenue to roughly $6.2 billion and total Q4 revenue to $17.4 billion, both above prior expectations. ^[8]

Management and analysts are now openly framing 2025–2027 as a massive AI ramp:

Barron’s and other outlets report Broadcom projecting AI revenue of about $20 billion this fiscal year and targeting around $30 billion next year, a roughly 60% growth path. ^[9]
A Goldman Sachs/Yahoo Finance note goes further: analyst James Schneider models AI revenue of about $45.4 billion in fiscal 2026, implying ~128% year‑over‑year growth in that segment alone. ^[10]

If those numbers come close to reality, Broadcom’s earnings profile in 2026 could look very different from today’s.

2. Big customers and $10 billion AI chip deals

Broadcom has quietly become the go‑to custom AI chip partner for the largest tech companies:

It helped Alphabet build its Tensor Processing Units (TPUs) and now benefits from Google’s renewed AI surge — one Investopedia piece notes Broadcom is up nearly 70% in 2025, outpacing Nvidia as investors pile into Google‑linked AI plays. ^[11]
A widely cited Nasdaq/Motley Fool piece highlights that Broadcom now works on custom AI chips with Google, Meta, ByteDance, and a fourth major customer widely believed to be OpenAI, plus the possibility of Apple by 2027. ^[12]

The big headline for 2026 is Broadcom’s blockbuster new order:

In September 2025, Broadcom revealed more than $10 billion in AI infrastructure orders from a new, unnamed customer, calling it a “qualified” customer going forward. Shares jumped as much as 15% after the news. ^[13]
Reuters and Yahoo reports also link Broadcom to OpenAI’s first in‑house AI processor, with deployment of some custom chips expected to begin around 2026, ramping through the decade. ^[14]

If even part of the AI revenue guidance ($20–30+ billion) materializes, 2026 will be the first year where AI drives the majority of Broadcom’s incremental growth.

3. Hyperscaler AI CapEx surge

A MarketBeat analysis, citing CreditSights and Evelyn Advisors, notes that the top five hyperscalers (Microsoft, Alphabet, Amazon, Meta, Oracle) could see total CapEx jump 36% in 2026, with around 75% — roughly $450 billion — allocated specifically to AI infrastructure, up from about $274 billion in 2025. That implies a ~64% jump in AI‑specific CapEx alone. ^[15]

Because Broadcom sells custom accelerators and high‑end networking into exactly this spend, it’s positioned to be one of the biggest beneficiaries.

4. VMware integration and software recurring revenue

On the software side, Broadcom is still digesting its $69 billion VMware acquisition. ^[16] VMware is the “crown jewel” of its infrastructure software portfolio, and Broadcom is shifting it aggressively toward high‑value, subscription‑based bundles.

However, this is not without controversy:

After Broadcom scrapped perpetual VMware licenses in favor of subscription‑only bundles, multiple tech outlets reported that customers face cost increases of several‑fold.
One TechRadar Pro survey cited in late 2025 found that over 95% of respondents were considering alternatives, underscoring potential churn and reputational risk. ^[17]

By 2026, we’ll have much clearer data on whether VMware turns into a durable software cash engine or a drag from customer backlash — and that will feed directly into valuation.

5. A critical earnings year — starting with Q4 2025

Broadcom is scheduled to report its fiscal Q4 2025 earnings on December 11, 2025. Several analyst notes and forecast hubs say investors are laser‑focused on:

Fiscal 2026 revenue guidance,
AI revenue run‑rate expectations, and
Gross margin / integration costs, especially around VMware. ^[18]

That report — and subsequent quarterly updates through 2026 — will do a lot to validate (or puncture) today’s aggressive expectations.

Wall Street’s 2026‑Oriented Price Targets for AVGO

Most professional forecasts are framed as 12‑month price targets, but since we’re at the end of 2025, those targets effectively cover late 2025 through late 2026.

Analyst consensus: flat to modestly down from here

Different aggregators show slightly different averages, but they all cluster in the high‑$300s to low‑$400s:

TickerNerd (47 analysts):
- Median target:$400
- High:$535
- Low:$273.40
- Rating split: 44 Buy, 3 Hold, 0 Sell
- Based on current price around $402.96, the median target implies roughly –0.7% over the next year. ^[19]
MarketBeat:
- Average target around $377–378, implying about 6% downside from ~$403. ^[20]
TradingView:
- Average price target $413.79, with a max of $535 and a min of $300. ^[21]
Benzinga (30 analysts):
- Average target around $339.52, with a high of $420 and low of $210; the three most recent calls average a higher near‑term target of $416.67. ^[22]

Put together, the “Street” view is surprisingly cautious given the hype:

Consensus expects Broadcom to trade roughly where it is now — or slightly lower — by late 2026, with upside viewed as a function of specific AI execution rather than multiple expansion.

Recent high‑profile calls

Some big‑name analysts and commentators are more bullish:

Goldman Sachs recently raised its AVGO target from $380 to $435 and maintained a Buy, explicitly linking the upgrade to expected “major AI growth in 2026” and a strong Google/OpenAI pipeline. ^[23]
A detailed Nasdaq/Motley Fool model projects that if Broadcom roughly doubles revenue to ~$127 billion by fiscal 2027, earns about $74 billion in net income (~$14.80 EPS), and trades at 30–40x forward earnings, the stock could be worth $445–$600 by the end of 2026 — around 70% upside from late‑September levels. ^[24]
A widely shared Forbes article argues that, under an aggressive AI scenario with a deep Google partnership, AVGO could eventually trade near $700, effectively doubling from current prices, though it frames that as a stretch goal rather than a base case. ^[25]

So while the median 12‑month target sits near $400, the bullish analyst camp is clearly thinking more in the $450–$600+ range for late 2026 if the AI story lands perfectly.

Quant & Algorithmic 2026 Price Predictions

In addition to human analysts, several sites publish algorithmic, long‑term price forecasts based mostly on historical price patterns and simple trend models. These are not generally used by institutional investors, but they’re widely searched and can influence retail sentiment.

CoinPriceForecast: $600 by end‑2026

CoinPriceForecast’s long‑term model (updated for the current split‑adjusted price) currently expects: ^[26]

End of 2025: AVGO around $450
End of 2026: AVGO around $600

From today’s ~$403, that implies roughly 11–12% upside through 2025, and around 50% total upside by late 2026, assuming a relatively smooth climb.

LongForecast (Economy Forecast Agency): path to ~$1,066

LongForecast provides month‑by‑month projections and is even more optimistic: ^[27]

December 2025: forecast close around $422
By June 2026: model sees prices around $742
By December 2026: forecast close around $1,066, which the site itself labels as roughly +188% total from its starting baseline.

Again, these are purely mechanical projections based on price momentum and volatility bands. They do not model fundamentals like AI revenue, market share, or competitive threats — and they can be wildly wrong once narrative regimes change.

How to treat these numbers

Think of these algorithmic forecasts as sentiment indicators, not investment theses:

They confirm that statistical models see a strong uptrend,
But they cannot account for valuation mean‑reversion or adverse news (e.g., lost customers, regulation, macro shocks).

For serious forecasting, most professionals give much more weight to fundamental models and Street targets than to long‑range purely quantitative predictions.

A Scenario‑Based 2026 Price Range for Broadcom

Combining analyst targets, AI revenue guidance, and valuation history, we can outline three broad scenarios for where AVGO might trade by late 2026.

These are illustrative ranges, not precise predictions.

1. Base case (most in line with consensus): $350–$450

Assumptions:

AI revenue grows strongly but closer to the $20–30 billion range cited in Barron’s and Broadcom commentary, not the most aggressive $45B Goldman scenario. ^[28]
VMware integration is bumpy but manageable: some enterprise churn from license changes, but software stays a high‑margin contributor. ^[29]
EPS grows along current analyst curves: MarketWatch estimates FY 2025 EPS around $6.3, rising to $7.6 or so in FY 2026, with further growth into 2027. ^[30]
The market rerates Broadcom to a forward P/E in the 35–45 range rather than above 100, as AI growth is better understood and less speculative.

Under those conditions, synthesizing current 12‑month targets (median ~$400, range ~$273–$535), a late‑2026 trading band of roughly $350–$450 looks consistent with:

TickerNerd median: $400 ^[31]
TradingView / Goldman cluster: high‑$300s to mid‑$400s ^[32]

In this base case, Broadcom would likely underperform its 2024–2025 rocket ride, but still deliver high‑single‑digit or low‑teens annualized returns from current levels if dividends and volatility are considered.

2. Bull case (AI super‑cycle fully priced in): $500–$700+

Assumptions:

AI CapEx from hyperscalers indeed surges as projected, with AI‑specific spend jumping more than 60% between 2025 and 2026. ^[33]
Broadcom secures more large custom‑chip wins (Google, Meta, OpenAI, possibly Apple), and AI revenue pushes beyond $30 billion toward Goldman’s ~$45 billion 2026 estimate. ^[34]
Operating leverage from high‑margin custom silicon plus software means EPS growth outpaces revenue materially.
The market is willing to pay 30–40x projected 2027 earnings, as in the Motley Fool model (e.g., ~$14.80 EPS in 2027). ^[35]

In that scenario:

The Motley Fool/Nasdaq framework suggests AVGO could reasonably trade between $445 and $600 by the end of 2026. ^[36]
CoinPriceForecast’s $600 end‑2026 target lines up with the upper end of that range. ^[37]
A stretch scenario in the style of the Forbes “to $700” article would require both near‑perfect execution and continued AI euphoria, keeping valuation multiples near today’s extremes. ^[38]

Realistically, a bullish but not crazy 2026 range might be $500–$600, with $700+ reserved for a full‑blown AI mania where Broadcom is priced as a future $3 trillion–plus giant (an outcome some commentators have floated for the late 2020s). ^[39]

3. Bear case (valuation hangover and execution risk): $250–$320

Assumptions:

AI CapEx growth slows from the most aggressive forecasts (e.g., hyperscalers delay some projects, or choose more in‑house designs that don’t rely on Broadcom). ^[40]
The unnamed $10B AI customer orders are spread over longer timelines or face technical delays, muting the revenue impact in 2026–2027. ^[41]
VMware integration leads to meaningful customer churn due to pricing changes, forcing Broadcom to soften terms or accept lower growth in software. ^[42]
The market re‑rates Broadcom closer to semiconductor peers, say a forward P/E in the 25–30 range on mid‑single‑digit EPS.

Given:

A lowest recent Wall Street target around $273–$300 (depending on the source), ^[43]
And valuation screens already calling the stock overvalued vs peers, ^[44]

…it’s not hard to sketch a late‑2026 price in the $250–$320 range. That would represent approximately 20–40% downside from current levels — painful, but still compatible with a long‑term growth story if AI demand ultimately continues through the decade.

Key Catalysts for Broadcom Stock Through 2026

Whether AVGO lands closer to the bear, base, or bull range will depend on a handful of measurable milestones.

1. Fiscal 2026 guidance and quarterly AI updates

Starting with the December 11, 2025 earnings call, investors will watch:

The initial fiscal 2026 revenue and AI guidance,
Updates on how much of the $10B AI order and other custom chip deals will be recognized in 2026 vs later years, and
Any commentary on OpenAI’s first chip program and Google TPU roadmaps. ^[45]

Several Benzinga and MarketBeat previews emphasize that “fiscal 2026 guidance and gross margin trends” could be the single biggest driver of AVGO’s near‑term stock reaction. ^[46]

2. Hyperscaler AI CapEx reports

When cloud giants like Microsoft, Alphabet, Amazon, Meta and Oracle report their own CapEx plans through 2026, investors will check:

Whether total CapEx and AI‑specific CapEx are tracking toward the 36% / 64% growth projections or falling short, ^[47]
And how often Broadcom is named in connection with custom accelerators and networking programs vs alternative suppliers.

A strong confirmation of those CapEx trajectories would support the bull and base cases; any slowdown or diversification away from Broadcom could push toward the bear case.

3. Competitive dynamics vs. Nvidia, AMD and in‑house chips

Broadcom doesn’t sell general‑purpose GPUs; it designs custom ASICs and networking instead. That’s a strength — but also a moving target:

Nvidia still dominates AI accelerators, and AMD is ramping its MI series to compete, which could influence how much work hyperscalers offload to custom chips vs off‑the‑shelf GPUs. ^[48]
Google, Meta, Apple, OpenAI and Chinese players are all pursuing in‑house or domestic chips, which could eventually reduce the fraction of designs outsourced to Broadcom. ^[49]

Analyses from Seeking Alpha and others argue that as the AI ecosystem shifts from training to inference, Broadcom’s power‑efficient custom silicon and Ethernet‑based networking could give it a long‑lived edge — but only if it continues to execute and stay ahead on performance per watt. ^[50]

4. VMware customer behavior and licensing backlash

By 2026, we’ll know whether Broadcom’s “high‑end only” VMware strategy worked:

Best case: enterprise customers reluctantly accept higher prices in exchange for bundled functionality, and VMware becomes a steady, sticky software annuity.
Worst case: large enterprises accelerate migrations to alternatives (e.g., Microsoft, Nutanix, open‑source virtualization), compressing Broadcom’s software growth and tarnishing its reputation as a partner. ^[51]

This will matter for valuation because software typically commands higher multiples than chips.

5. Macro, interest rates and “AI trade” sentiment

Finally, Broadcom doesn’t operate in a vacuum:

Rising interest rates or a sharp risk‑off shift could compress P/E multiples across high‑growth tech, including AVGO.
If the market decides the “AI trade” is over‑owned, high‑flyers like Broadcom could face de‑rating even if fundamentals stay solid. ^[52]

In other words, execution alone may not be enough if overall risk appetite swings.

Major Risks to the 2026 Broadcom Thesis

Any responsible forecast should highlight what could go wrong:

Valuation risk: With a trailing P/E over 100 and rich price‑to‑book / PEG metrics versus peers, Broadcom is priced for near‑perfection. Even a mild deceleration in AI or software growth could prompt a sharp multiple compression. ^[53]
Customer concentration: Broadcom’s AI roadmap leans heavily on a small number of hyperscalers. Losing or disappointing just one of them (Google, Meta, OpenAI, Apple, etc.) could meaningfully change the growth trajectory. ^[54]
Execution risk on massive chip programs: Custom AI chips are technologically complex. Yield problems at TSMC, design errors, or performance gaps vs Nvidia/AMD could delay revenue recognition and hurt margins. ^[55]
Regulatory and geopolitical risk: Export controls on advanced chips, scrutiny of AI hardware supply chains, or antitrust concerns around Broadcom’s software acquisitions (like VMware) could all impact growth. ^[56]
VMware backlash and brand perception: If VMware pricing changes are perceived as predatory, Broadcom may face long‑term reputational damage among enterprise CIOs, potentially affecting future software or hardware deals. ^[57]

What the 2026 Forecast Means for Investors

Putting everything together:

Consensus Wall Street view:
Broadcom is a Buy‑rated AI leader, but at current prices, the median 12‑month target (~$400) implies little to no upside by late 2026. ^[58]
Bullish fundamental models:
Serious AI‑focused analysts (Motley Fool, Goldman, Forbes, Beth Kindig and others) see a credible path where AI revenue explodes to $30–45+ billion, and AVGO could trade in the $500–$600+ range by the end of 2026 — with extreme cases pointing toward $700. ^[59]
Quant / trend forecasts:
Algorithms at CoinPriceForecast and LongForecast see 50–180% upside by late 2026, but these models are momentum‑heavy and fundamentals‑light. ^[60]
Risk reality check:
A 20–40% drawdown into the $250–$320 range is entirely plausible if AI CapEx slows, VMware churns, or the market simply decides Broadcom’s valuation needs to look more like a normal semiconductor. ^[61]

For long‑term investors, the 2026 Broadcom story boils down to this:

Do you believe Broadcom can convert its AI design wins and $10+ billion orders into a durable, high‑margin earnings engine fast enough to justify today’s premium — and possibly an even higher one?

If you do, then the bull and base cases suggest modest to substantial upside by late 2026, with the potential for outsized gains if AI demand continues to surprise to the upside.

If you’re skeptical — about AI CapEx sustainability, VMware strategy, or sky‑high valuations — then the current price already bakes in a lot of good news, and 2026 could just as easily be a year of mean reversion.

Either way, Broadcom will be one of the key stocks to watch in 2026 as the AI infrastructure boom matures.

Again, none of this is a recommendation to buy or sell Broadcom. It’s a synthesis of current news, forecasts and analyses to help you frame your own view. Consider your time horizon, risk tolerance, and diversification before making any investment decisions.