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Broadcom (NASDAQ:AVGO | AVGO Price Prediction) just took one of the sharpest post-earnings drawdowns of the AI cycle, falling 13.78% in a single week despite posting 47.87% revenue growth and an eighth straight EPS beat. That dislocation is exactly why our model now sees meaningful upside back toward, and through, the $500 line.
The stock trades at $396.60 as of June 8, 2026. Our 24/7 Wall St. price target for Broadcom is $503.61, implying 26.98% upside over the next 12 months. The recommendation is buy with a 90% confidence level, which is high by our standards.
24/7 Wall St. Price Target Summary
Metric
Value
Current Price
$396.60
24/7 Wall St. Price Target
$503.61
Upside
26.98%
Recommendation
BUY
Confidence Level
90%
How a 48% Growth Quarter Became a $286 Billion Selloff
Broadcom closed at $495 the day it filed Q2 results on June 3, 2026, then plunged 12.59% as traders punished what was characterized as light Q3 AI guidance. The stock is now down 7.77% over the past month but still up 14.82% year to date and 61.9% over the past year.
The underlying quarter was strong on every key metric. Revenue hit $22.19 billion, non-GAAP EPS came in at $2.44, and AI semiconductor revenue surged 143% year over year to $10.80 billion. CEO Hock Tan guided Q3 AI revenue to $16 billion, calling for growth of “over 200 percent year-over-year.” Free cash flow of $10.26 billion represented 46% of revenue.
The Case for $540 and Higher
Bulls have specific catalysts. Mizuho told clients to buy the dip, projecting a $600 billion-plus revenue opportunity from Google’s TPU buildout by 2028. Bank of America has a $530 price target, citing 48% YoY revenue increase.
Hock Tan has publicly targeted exceeding $100 billion in AI sales by 2027. Our bull-case path lands at $541.09, a 36.43% total return. Wall Street ratings break down to 7 Strong Buy, 37 Buy, 4 Hold, zero Sell.
What Could Go Wrong
The bear case starts with insider behavior. Our records show 108 insider transactions skewed heavily to selling, including the CEO and senior executives liquidating into the $345 to $399 range. Composite sentiment sits at 37.38 (Bearish), down 28.11 points over 30 days. A trailing P/E of 64 leaves little room for execution slips. Louis Navellier already downgraded AVGO from Strong to Neutral. Our bear-case price lands at $417.18.
It should be noted that the insider selling pattern is partly pre-scheduled 10b5-1 activity tied to vesting events, and the Q3 guidance characterized as “light” still calls for 84% total revenue growth, which is hardly a deceleration story.
Broadcom Price Prediction 2026-2030
The 24/7 Wall St. price target of $503.61 reflects a company executing at the high end of the AI infrastructure cycle while trading at a roughly 34x forward multiple after a violent reset. The bull case strengthens if Broadcom delivers the guided $16 billion AI quarter in Q3, which would reset the entire narrative.
The thesis weakens if hyperscaler capex commentary from Google, Meta, or Microsoft softens before then. With 90% model confidence and a clear path to $500, the model’s risk/reward skews to the upside.
Looking further ahead, here is where our model projects Broadcom could trade, assuming the AI semiconductor ramp tracks management’s $100 billion-by-2027 framework and margins hold near current levels.
Year
24/7 Wall St. Price Target
2026
$503.61
2027
$585
2028
$660
2029
$725
2030
$795.48
These projections assume Broadcom continues converting AI accelerator and networking demand into the kind of free cash flow it produced this quarter. Significant upside or downside could result from custom-silicon market share shifts or a deceleration in hyperscaler capex.
