Broadcom (AVGO) Stock Outlook: AI Deals, VMware Cloud Wins and Wall Street Targets Ahead of December 11 Earnings
Broadcom shares closed at $390.24, up 2.4% on the day and 7.2% over the past month, outpacing the S&P 500 and tech sector. The company posted record Q3 revenue of $16 billion, with AI semiconductor sales jumping 63% year-over-year to $5.2 billion. Analysts maintain a consensus “Buy” rating, with price targets ranging from $210 to $472. Broadcom’s next earnings report is set for December 11, 2025.