Overview
- Wells Fargo raised Broadcom to Overweight with a $430 target, boosting 2026–2027 estimates and projecting AI semiconductor revenue of about $52.6 billion next year and $93.4 billion in 2027.
- Other analysts stayed constructive, with Citi reaffirming Buy at $480, UBS nudging its target to $475, and Bernstein keeping Outperform after meetings that it said eased worries about AI competition.
- Broadcom expanded its Wi‑Fi 8 lineup on Jan. 6 with the BCM4918 accelerated processing unit and dual‑band BCM6714/6719, designed for AI‑driven use cases with enhanced security and power efficiency.
- The company issued $4.5 billion in senior notes per a Jan. 12 SEC filing, with proceeds designated for general corporate purposes and repayment of existing loans.
- Shares rose about 1.3% to $347.48 on Friday in a market‑led move, with the next earnings report due Mar. 5 and Street estimates calling for $1.87 EPS on $19.16 billion in revenue.