UBS Remains Bullish on Broadcom (AVGO) Amid Strong Server Demand and Limited Near-Term Earnings Upside

Broadcom Inc. (NASDAQ:AVGO) is included in the list of the best performing S&P 500 stocks in the last five years.

On February 4, 2026, Broadcom Inc. (NASDAQ:AVGO) received attention from UBS, which retained its ‘Buy’ rating but reduced the price target from $330 to $310. The firm’s bullish stance reflects strong server demand, while its target revision stems from limited near-term EPS upside due to a reduction of $1 billion in its gaming business. UBS also outlined its 2027 and 2028 estimates, projecting EPS of over $11 and $15, respectively. The firm’s estimates come amid positive CPU and GPU fundamentals.

A day earlier, Broadcom Inc. (NASDAQ:AVGO) announced the launch of the industry’s first Wi-Fi 8 access point and switch solution, designed to serve AI-ready enterprise networks. Featuring the BCM49438 APU for edge AI acceleration and the Trident X3+ Ethernet switch, the platform offers multi-gigabit speeds, integrated security via MACsec, and advanced telemetry for AI-driven operations. Furthermore, it addresses rising demands from hybrid work, AI factories, and adversarial AI threats. As a result, the solution enables real-time optimization, ultra-low latency, and foolproof enterprise security.

Broadcom Inc. (NASDAQ:AVGO) focuses on designing, developing, and supplying semiconductors and infrastructure software solutions.

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