Wall Street's consensus target for Broadcom is $529.10, above the 52-week high of $493.28 and implying 55.5% upside, while the 24/7 Wall St. model sets a $408.73 target, about 20.1% above the current $340.24, and rates the stock a Buy with high confidence. Fiscal Q3 revenue rose 85.5% year over year to $29.59 billion, with AI semiconductor revenue up 221% to $16.70 billion. Management expects AI revenue of about $115 billion in fiscal 2027 and $230 billion in fiscal 2028, though Q3 gross margin slipped to 75% and is guided to about 73% for Q4 as the revenue mix shifts toward memory-heavy custom accelerators. The article flags risks from demand resting on six XPU customers and from the CFO not giving a maximum exposure for possible residual-value guarantees.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Wall Street’s Broadcom Target Sits Above Its 52-Week High. Is the Street Right?
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