Broadcom (AVGO) extended its recent downtrend, trading at $337.59 (-1.80%) today, with the movement attributed to broader market sentiment regarding stalling AI enthusiasm and geopolitical tensions rather than company-specific news.
- Analysts project strong AI revenue growth, expecting $8.2B in Q1 FY2026, though they highlight the current P/E of ~70x as elevated.
- Fair value estimates suggest a potential ~15% upside, setting a target of $403.66, viewing the current pullback as a buying opportunity.
- The stock has experienced a significant pullback recently, declining approximately 2% over the past week and 12% over the past month.