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Broadcom Inc. (NASDAQ:AVGO) is one of the 13 Best Extremely Profitable Stocks to Invest in Now.
The consensus price target for Broadcom Inc. (NASDAQ:AVGO) is $460 as of February 2, 2026, representing 38.55% upside. Nearly all analysts remain bullish on the stock.
The latest analyst update came from Wolfe Research, which raised its price target to $400 and upgraded Broadcom Inc. (NASDAQ:AVGO) from ‘Neutral’ to ‘Buy’. The bullish stance reflects the growing demand for Alphabet’s Tensor Processing Units (TPUs), which Wolfe forecasts could reach 7 million units annually by 2028.
The firm positions Broadcom Inc. (NASDAQ:AVGO) as a key beneficiary of structural change in the AI chip market, driven by Google’s plan to provide TPUs to external clients. Moreover, Wolfe improved its long-term outlook, expecting $154.5 billion in revenue and $16 EPS by 2027. Meanwhile, this year, AI networking revenue is anticipated to grow by 75%, and AI chip revenue is projected to reach $44 billion in 2026.
Wells Fargo strengthened the bullish case on January 15, 2026, upgrading Broadcom Inc. (NASDAQ:AVGO) to ‘Overweight’ and raising its price target to $430. The firm’s more optimistic stance stems from sustained AI semiconductor momentum and robust infrastructure software growth. Broadcom’s leadership in networking, data centers, and AI computing solutions continues to drive analyst confidence.
Broadcom Inc. (NASDAQ:AVGO) focuses on designing and supplying semiconductors and infrastructure software for data centers, networking, AI computing, and enterprise technology platforms worldwide.
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: What Are the Best Stocks to Buy Right Now? and 10 Stocks Under $1 That Will Explode.
Disclosure: None.
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