Broadcom Stock: Analysts Boost Price Target to $435 on AI Momentum

Broadcom shares are demonstrating remarkable strength this trading week, with the semiconductor leader posting a substantial 13% gain over just the past five sessions. This impressive rally positions the stock to challenge new record highs as market experts grow increasingly bullish about the company's artificial intelligence prospects and strategic partnership with Alphabet.

Goldman Sachs isn't alone in its positive assessment. Multiple major investment firms have revised their Broadcom valuations upward in recent weeks, creating rare consensus around the stock's potential. Investors appear to be positioning themselves ahead of the critical December 11 quarterly earnings release, which market participants view as potentially decisive for the stock's near-term trajectory.

The central question remains whether Broadcom can meet these elevated expectations or if the stock faces potential profit-taking pressure following its recent advance. The upcoming earnings report will provide crucial evidence about whether the current rally has staying power.

Goldman Sachs Identifies Substantial Growth Potential

On November 26, Goldman Sachs analyst James Schneider significantly raised his price target for Broadcom from $380 to $435—representing an increase exceeding 14%. According to the analyst's research, the company stands to benefit disproportionately from the artificial intelligence expansion and will likely surpass fourth-quarter expectations by a considerable margin.

Should investors sell immediately? Or is it worth buying Broadcom?

Schneider's report emphasized: "We anticipate continued AI strength in the fourth quarter, with first-quarter guidance exceeding market expectations—driven by robust spending from key customers." Particularly noteworthy is Goldman's projection that Broadcom will raise its AI revenue forecast for fiscal year 2026 to reflect growth exceeding 100%.

The firm's detailed projections include:

• 2026 AI Revenue: $45.4 billion (representing approximately 128% growth)
• 2027 AI Revenue: $77.3 billion (an additional 70% increase)
• Q4 Expectations: Over $11 billion from AI-related business alone

Rather than categorizing Broadcom as merely another AI beneficiary, Goldman Sachs characterizes the company as "fundamental AI hardware infrastructure"—a designation that underscores its essential role in the AI ecosystem.