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Broadcom Inc. (AVGO) stock analysis
SKIP 10% confidence · analysed Sep 28, 2026
This analysis is from Sep 28, 2026 and may be out of date.
On Sep 28, 2026, our model rated Broadcom Inc. (AVGO) SKIP with 10% confidence at a price of $349.27. That means the signals cancel out; the model sees no clear edge either way.
Technical picture
The 14-day RSI is 38. Momentum is soft: below the neutral 50 line, but not yet oversold.
MACD is above its signal line, a sign that short-term momentum is turning up.
The price is below both its 50-day and 200-day moving averages, the classic picture of a downtrend.
Volume is only 0.2x its 20-day average; light trading makes the latest move less convincing.
Trend structure and money flow
Market structure: ranging / no clear structure.
The most recent swing high is $493.32 and the swing low is $288.98; traders often treat these as resistance and support.
Price is sitting in a bearish order block, a zone where large sellers stepped in before, so upside may stall here.
Fundamentals
The PEG ratio is 0.35, which looks cheap relative to its expected growth.
The company reports a profit margin of 42.9% and revenue growth of +85.5%.
In its latest quarter it earned $2.44 per share, which beat the $2.40 analysts expected, with revenue +85.5% year over year.
Wall Street's average rating is 1.3 on a 1 (strong buy) to 5 (sell) scale, roughly a "strong buy", with an average price target of $531.85.
The next earnings report is expected around Dec 9, 2026; prices often move sharply around earnings.
Research notes
Broadcom’s bull case remains AI-driven: management just reiterated roughly $58 billion of AI semiconductor revenue in fiscal 2026, with a path to about $115 billion in fiscal 2027 and $230 billion in fiscal 2028, while recent coverage says demand and supply commitments remain strong. The main bear case is concentration and valuation: Broadcom’s custom-chip opportunity depends heavily on a few hyperscale customers, so any slowdown or strategy change at a major customer could matter, and shares still trade at a premium multiple after the run-up. A major recent catalyst was the September earnings/update cycle, where Broadcom beat estimates, reported $16.7 billion of AI semiconductor revenue in the quarter, and then drew fresh analyst commentary and price-target increases. The latest public information generally still supports the earlier positive view, but the stock’s roughly flat-to-slightly-down price action since the last view shows investors are waiting for proof that the AI ramp can keep compounding at the new pace.
The model's one-paragraph read
No clear edge (SKIP) — composite score +0.10 (SKIP). Technicals: RSI 38.07, MACD bullish, price below SMA50. Fundamentals: PEG 0.35, margin 42.9%, revenue growth 85.5%. Financial results: YoY revenue +85.5%, last EPS surprise +1.7%, next earnings 2026-12-09. Smart Money Concepts: ranging / no clear structure, price retesting a bearish order block. FinGPT news read: neutral. Memory: 4 prior look(s); 0% of directional calls matched later price. Internet research: Broadcom’s bull case remains AI-driven: management just reiterated roughly $58 billion of AI semiconductor revenue in fiscal 2026, with a path to about $115 billion in fiscal 2027 and $230 billion in fiscal 2028, while recent coverage says demand and supply commitments remain strong. The main bear case is concentration and valuation: Broadcom’s custom-chip opportunity depends heavily on a few hyperscale customers, so any slowdown or strategy change at a major customer could matter, and shares still trade at a premium multiple after the run-up. A major recent catalyst was the September earnings/update cycle, where Broadcom beat estimates, reported $16.7 billion of AI semiconductor revenue in the quarter, and then drew fresh analyst commentary and price-target increases. The latest public information generally still supports the earlier positive view, but the stock’s roughly flat-to-slightly-down price action since the last view shows investors are waiting for proof that the AI ramp can keep compounding at the new pace. Reference price $350.79; no trade levels (SKIP).
Past ratings for AVGO
Of the last 2 directional calls on AVGO, 0 pointed the right way by the most recent analysis (0%). Past calls do not guarantee future results.
| Date | Verdict | Confidence | Price | Move since | |
|---|---|---|---|---|---|
| Sep 28, 2026 | SKIP | 10% | $349.27 | — | |
| Sep 24, 2026 | WEAK BUY | 16% | $354.99 | -1.6% | ✘ wrong direction |
| Sep 23, 2026 | WEAK BUY | 16% | $355.27 | -1.7% | ✘ wrong direction |
"Move since" compares each call's price with the latest analysed price.
Recent news on AVGO
- Oct 13, 2026: Was Broadcom CEO bullish or bearish on AI? ‘Gamblers’ comment creates storm. (MarketWatch Top)
- Oct 13, 2026: Stock market today: Dow, S&P 500, Nasdaq slip as chip stocks fall, earnings season kicks off (Yahoo Finance)
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Frequently asked questions
Is AVGO a buy right now?
As of Sep 28, 2026, our automated model rates Broadcom Inc. (AVGO) SKIP with 10% confidence: the signals cancel out; the model sees no clear edge either way. This is a model output for education, not personal investment advice.
When does Broadcom Inc. report earnings next?
The next earnings report is expected around Dec 9, 2026.
What does a SKIP rating mean?
A SKIP rating means the signals cancel out; the model sees no clear edge either way.
For information and education only. Not investment advice. Ratings are produced by an automated model, can be wrong, and may be out of date. Do your own research; you can lose money investing. The site's author may hold positions in stocks discussed here.