News Flash: Analysts Just Made A Captivating Upgrade To Their Broadcom Inc. (NASDAQ:AVGO) Forecasts

Celebrations may be in order for Broadcom Inc. (NASDAQ:AVGO) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals.

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Following the upgrade, the current consensus from Broadcom's 41 analysts is for revenues of US$96b in 2026 which - if met - would reflect a huge 51% increase on its sales over the past 12 months. Statutory earnings per share are presumed to shoot up 55% to US$7.61. Prior to this update, the analysts had been forecasting revenues of US$86b and earnings per share (EPS) of US$6.46 in 2026. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

View our latest analysis for Broadcom

It will come as no surprise to learn that the analysts have increased their price target for Broadcom 11% to US$456 on the back of these upgrades.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Broadcom's growth to accelerate, with the forecast 51% annualised growth to the end of 2026 ranking favourably alongside historical growth of 20% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 21% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Broadcom to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that the consensus looks almost universally bullish, with a substantial increase to forecasts and a higher price target, Broadcom could be worth investigating further.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have estimates - from multiple Broadcom analysts - going out to 2028, and you can see them free on our platform here.

You can also see our analysis of Broadcom's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.