AVGO
Broadcom Inc
NASDAQ: AVGO · TECHNOLOGY · SEMICONDUCTORS
$382.07
-0.91% today
Updated 2026-06-12
Market cap
$2.28T
P/E ratio
93.51
P/S ratio
33.39x
EPS (TTM)
$5.15
Dividend yield
0.54%
52W range
$239 – $495
Volume
24.0M
Broadcom Inc (AVGO) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed AVGO price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$382.07
Today
Analyst consensus
$477.59
+25.00% · 12M
2030 Base
$1,380.86
+261.42% future
NPV today
$805.60
@ 12% WACC
54 analysts:
41 Buy4 Hold0 Sell
Management guidance
Broadcom management has not provided explicit multi-year revenue targets through 2030 in public guidance. However, CEO Hock Tan has emphasized sustained double-digit growth driven by AI infrastructure demand, with the company projecting strong momentum through fiscal 2027 and beyond. The company's $99B+ backlog and multi-year customer commitments (LSEG 5-year renewal, hyperscaler capex plans) suggest management confidence in sustained 25%+ growth through 2027.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
AVGO · Broadcom Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$585.87
NPV today: $341.80
Base case (2030)
$1,380.86
NPV today: $805.60
Bull case (2030)
$2,529.18
NPV today: $1,475.53
WallStSmart.com
AVGO financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $63.9B | $107.1B | $166.0B | $247.0B | $337.0B | $422.0B |
| Revenue growth | 23.9% | 67.6% | 55.0% | 48.8% | 36.4% | 25.2% |
| Net margin | — | 51.2% | 52.7% | 52.1% | 50.7% | 49.2% |
| EPS | $6.82 | $11.55 | $18.41 | $27.00 | $35.80 | $43.50 |
| Diluted shares | — | 4744M | 4754M | 4763M | 4773M | 4777M |
| Net debt | — | $25.19B | $-16.19B | $-77.77B | $-161.77B | $-266.97B |
| P/S multiple | — | 17.0x | 17.0x | 16.0x | 16.0x | 15.0x |
| Implied price (base) | — | $378.47 | $597.06 | $846.03 | $1,163.66 | $1,380.86 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $422.0B | $422.0B | $422.0B |
| P/S multiple | 6.0x | 15.0x | 28.0x |
| Diluted shares | 4777M | 4777M | 4777M |
| Net debt | $-266.97B | $-266.97B | $-266.97B |
| Implied P/E † | 14x | 32x | 58x |
| 2030 Price | $585.87 | $1,380.86 | $2,529.18 |
| NPV @ 12% | $341.80 | $805.60 | $1,475.53 |
† Implied P/E: Multiples remain elevated across all three scenarios because AVGO is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $1,380.86 base case
AVGO catalysts and risks
Growth catalysts
+ AI data center hyperscaler capex acceleration (Meta $60B+, Microsoft $80B+ AI investment through 2028)
+ VMware Cloud Foundation adoption expansion across enterprise and LSEG (5-year renewal signaling software revenue acceleration)
+ Optical networking bottleneck shift creating new hardware TAM (TD Cowen raised 2030 data center silicon spending forecast to $1.3T)
+ Anthropic ASIC contract upgrade improving margins while maintaining AI revenue contribution
+ Broadcom's market leadership in custom silicon for hyperscalers (estimated 35-45% share of AI accelerator networking)
Key risks
- AI capex cycle deceleration or ROI pressure from hyperscalers reducing spend post-2027
- Gross margin compression if custom ASIC pricing erodes or competitive intensity increases in optical networking
- Geopolitical/China export restrictions impacting revenue (South Korea fine, regulatory headwinds)
- VMware software revenue growth slowing below 30% as enterprise adoption matures
- Market saturation risk if AI infrastructure capex peaks before 2028 (current consensus assumes continued acceleration)
Methodology · Broadcom Inc 2030 stock forecast model
Broadcom Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 54 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for AVGO by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-266.97B by 2030) |
| 3. Time value | NPV calculated using 12% WACC (CAPM: beta 1.44) |
| 4. Multiple framework | P/S compresses with scale: bear 6.0x / base 15.0x / bull 28.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
AVGO price target FAQ
What is the AVGO price target for 2030?
WallStSmart's Broadcom Inc 2030 base case is $1,380.86 per share, with a bull case of $2,529.18 and bear case of $585.87. The NPV of the base case discounted to today at 12% WACC is $805.60.
How is the Broadcom Inc 2030 stock forecast calculated?
The AVGO 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the AVGO price target account for dilution?
Broadcom Inc is projected to grow diluted share count from 4735M to 4777M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on AVGO stock?
54 analysts cover AVGO with an average 12-month price target of $477.59. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.