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Broadcom Inc. (NASDAQ:AVGO) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 12, Mizuho increased its price target for Broadcom Inc. (NASDAQ:AVGO) from $355 to $410 while keeping an Outperform rating. This decision came after the company reported strong results for its third quarter of fiscal year 2025.
Mizuho highlighted Broadcom Inc.’s (NASDAQ:AVGO) higher AI revenue outlook for fiscal 2026. The firm expects the company’s AI business to grow significantly through fiscal years 2026, 2027, and 2028, driven by its AI portfolio and ScaleUp and ScaleOut opportunities.
The investment firm projects that Broadcom Inc.’s (NASDAQ:AVGO) AI revenue will reach $39 billion in fiscal 2026, up from its previous forecast of $35 billion. The firm expects AI revenue to grow to $60 billion in fiscal 2027, up from the previous estimate of $45 billion, and to $75 billion in fiscal 2028.
Additionally, Mizuho also raised its overall revenue and earnings forecasts for Broadcom Inc. (NASDAQ:AVGO). For fiscal 2026, the firm expects revenue of $84.4 billion, up from the previous estimate of $79.6 billion, and EPS of $9.27, up from $8.68 before.
Looking ahead to fiscal 2027, Mizuho now projects revenue of $108 billion with an EPS of $12.13. For fiscal 2028, the firm forecasts $124 billion in revenue and an EPS of $14.05.
Broadcom Inc. (NASDAQ:AVGO) is an American multinational technology company that designs, develops, and supplies a variety of semiconductor, enterprise software, and security solutions.
While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best NASDAQ Stocks to Buy For Long Term and 10 Unrivaled Stocks of the Next 3 Years.
Disclosure: None. This article is originally published at Insider Monkey.
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