NASDAQ:AVGO 27 January 2026 - 4 February 2026

Broadcom Inc. shares edged up Friday, gaining 0.17% to close at $331.30, after Wolfe Research raised its rating on the chip and software company. The upgrade put Broadcom back in focus for investors as the new week approaches.

Broadcom shares closed Friday slightly higher, up 0.17% to $331.30. Wolfe Research raised its rating to Outperform and slapped on a $400 price target, citing increased confidence in Google’s Tensor Processing Unit program.

Broadcom shares held steady near $331 in after-hours trading Friday following Wolfe Research’s upgrade to Outperform from Peer Perform, with a $400 price target in tow. The stock gained around 0.2% during the day, closing at $331.30 after swinging between $322.77 and $338.17 on roughly 28 million shares traded. Wolfe analyst Chris Caso said the firm “could no longer ignore” Broadcom’s growth and edge in tensor processing units.

Shares of Broadcom Inc. ticked up roughly 0.3% to $331.71 in mid-morning trading on Friday. Wolfe Research upgraded the stock to Outperform, assigning a $400 price target. Analyst Chris Caso noted in a summary, “we can no longer ignore” Broadcom’s growth and strength in Google’s tensor processing units.