Wall Street Firm Stays Bullish on Broadcom (AVGO) Ahead of December 11 Earnings

Broadcom Inc. (NASDAQ:AVGO) is one of the Must-Watch AI Stocks on Wall Street. On December 5, Mizuho analyst Vijay Rakesh maintained an “Outperform” rating on the stock with a $435 price target.

The firm is positive on the stock ahead of earnings as it believes Broadcom is a core AI enabler with multiple near-term and long-term catalysts. The company is set to report its fiscal Quarter report ending Oct 2025 on December 11. Analysts believe that Broadcom is a top beneficiary of custom chip growth, noting that they are buyers on the stock.

This is particularly true considering how the company is poised to benefit from Google’s Gemini 3 ramp and wider TPU adoption by major AI developers including Meta, Alphabet, and Apple.

Broadcom remains a networking beneficiary with TPU ScaleUp and ESUM with META into 2026.

“Our total and AI revenue estimates for F27/28E are ahead of Street as multiple ASICs ramps are on the horizon along with Scale-Up/Scale-Across networking opportunities and a key CEO incentive–pay package boost.”

The company remains the firm’s “Top Pick” ahead of earnings.

Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.

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