Price Prediction: Will Broadcom Stock Hit $500 This Year?

Price Prediction: Will Broadcom Stock Hit $500 This Year? Coolcaesar / Wikimedia Commons Vandita Jadeja Tue, June 9, 2026 at 3:37 PM GMT+2 4 min read AVGO NVDA Quick Read AVGO fell 14% after strong Q2 earnings, and our model now sees a path to $504 with 27% upside over 12 months. Hock Tan guided Q3 AI revenue to $16 billion, representing over 200% year-over-year growth, while 44 analysts rate AVGO Buy with zero Sells.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today . Broadcom ( NASDAQ:AVGO ) 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. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today .

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.

Story Continues 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. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Broadcom didn't make the cut. Grab the names FREE today .