Fintel reports that on January 15, 2026, Wells Fargo upgraded their outlook for Broadcom (NasdaqGS:AVGO) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 37.74% Upside
As of January 13, 2026, the average one-year price target for Broadcom is $468.16/share. The forecasts range from a low of $383.80 to a high of $561.75. The average price target represents an increase of 37.74% from its latest reported closing price of $339.89 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Broadcom is 39,094MM, a decrease of 38.81%. The projected annual non-GAAP EPS is 48.32, a decrease of 10.62% from the prior forecast.
What is the Fund Sentiment?
There are 6,278 funds or institutions reporting positions in Broadcom. This is an increase of 174 owner(s) or 2.85% in the last quarter. Average portfolio weight of all funds dedicated to AVGO is 1.65%, an increase of 0.39%. Total shares owned by institutions decreased in the last three months by 1.34% to 4,295,565K shares. 
The put/call ratio of AVGO is 1.09, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 151,199K shares representing 3.19% ownership of the company. In its prior filing, the firm reported owning 148,087K shares , representing an increase of 2.06%. The firm increased its portfolio allocation in AVGO by 49.97% over the last quarter.
Capital International Investors holds 146,477K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 151,198K shares , representing a decrease of 3.22%. The firm increased its portfolio allocation in AVGO by 8.70% over the last quarter.
Capital World Investors holds 135,587K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 148,301K shares , representing a decrease of 9.38%. The firm increased its portfolio allocation in AVGO by 2.84% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 133,467K shares representing 2.81% ownership of the company. In its prior filing, the firm reported owning 130,245K shares , representing an increase of 2.41%. The firm increased its portfolio allocation in AVGO by 49.88% over the last quarter.
Geode Capital Management holds 109,729K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 108,611K shares , representing an increase of 1.02%. The firm increased its portfolio allocation in AVGO by 10.08% over the last quarter.
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