Semiconductor · Anthropic · Google · Broadcom · Wall Street · CNBC Technology
Wall Street sees the stock rising as much as 80%
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Wall Street is buying the long-term bull case for Broadcom after the semiconductor firm deepened its relationship with Anthropic and signed a deal with Google.
Key facts
- The team now see meaningful upside to their estimate for $110B in AI revenue for AVGO in FY2027 as EPS power should top $20." Jefferies: Buy, $500 Analyst Blayne Curtis' price target implies upside of 59%
- Given this announcement, they see upside to AVGO's AI revenue target of $100 billion to +$130 billion assuming their prior Google sales of $65.4 billion in F27." Deutsche Bank: buy, $430 The bank's
- AVGO previously expected compute demand to approach ~10GW in 2027 and had line of sight to achieve AI revenue of $100 billion in 2027
- Their Overweight rating and $430 price target (~21x P/E on their CY27 EPS) reflects their confidence that AVGO's AI positioning / momentum sustains into CY26, with increasing confidence in potentially
Summary
Of the 51 analysts covering Broadcom, 49 have a buy or strong buy on the stock, LSEG data shows. Second, Anthropic is crushing it with its ARR now at $30B, up from $9B in December 2025. The team now see meaningful upside to their estimate for $110B in AI revenue for AVGO in FY2027 as EPS power should top $20." Jefferies: Buy, $500 Analyst Blayne Curtis' price target implies upside of 59%.