Added to YB: 2026-09-21
Pitch date: 2026-09-17
AVGO [bullish]
Broadcom Inc.
+1.57%
current return
Author Info
Monte Independent Investment Research is a small- and mid-cap industrials research firm that specializes in uncovering value in small- and mid-cap industrials through a hybrid research approach that blends top-down market analysis with bottom-up company fundamentals. Sign up for the newsletter.
Company Info
Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally.
Market Cap
$1.7T
Pitch Price
$352.08
Price Target
464.00 (+30%)
Dividend
0.73%
EV/EBITDA
33.23
P/E
45.65
EV/Sales
19.56
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Broadcom q3’26 Earnings Update
AVGO: Broadcom’s AI semiconductor revenue grew 221% year over year as custom-XPU adoption accelerated across six customers; AI represented approximately 80% of nearly $21B in Semiconductor Solutions sales and drove margin and earnings growth. Management guided XPU AI-networking revenue to triple year over year in fiscal Q4. The thesis sees 30% upside based on its fiscal 2027 forecast and separately reiterates a $709 target at 28.17x fiscal 2027 EV/adjusted EBITDA, while XPU production remains a gross-margin headwind.
Read full article (4 min)