Broadcom (AVGO) is trading slightly lower in pre-market at $339.22 (-0.65%) following a close at $341.45, driven by renewed AI optimism in the chip sector and strong underlying performance metrics.
- The stock's recent rebound is supported by robust financial results, including 74% Year-over-Year AI revenue growth in Q4 and Q1 2026 guidance set at $8.2 billion.
- Analysts maintain a highly bullish consensus, with 48 Buy ratings and an average price target of $456.80, representing a potential 34% upside.
- Recent target raises include Truist lifting its target to $510 and Citi raising theirs to $480, despite the company continuing to face margin pressure related to custom AI chips.