Wall Street sets Broadcom (AVGO) stock price target for next 12 months

Rothschild Redburn, global financial services, downgraded Broadcom (NASDAQ: AVGO ) from “Buy” to “Neutral” on Friday, November 13, cutting its Broadcom stock price target by 33% from $595 to $398 on artificial intelligence ( AI ) financing concerns. The firm noted that, with the current guidance , Broadcom trades at approximately 11 times its fiscal 2028 earnings per share (EPS). However, it cautioned that the quality and sustainability of those earnings remain under scrutiny. Furthermore, the company carries a price-to-earnings (P/E) ratio of 46.3, and its Price/Earnings-to-Growth (PEG) ratio of 0.43 points to a relatively low valuation compared with expected near-term earnings growth. Broadcom shares currently trade at $364.36, marking a 5.28% gain so far in 2026.

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