5-star analyst resets Broadcom price target before earnings
By Vuk Zdinjak
Published on March 3, 2026.
Broadcom (AVGO) stock has risen by almost 60% in the past year, outperforming the S&P 500 index and outperforming all but one Magnificent 7 member. The company's product portfolio includes wired infrastructure, wireless communications, enterprise storage, and industrial end markets. The only exception is Alphabet (GOOGL), which is up 80%. Broadcom will release its Q1 fiscal year 2026 earnings report on March 4. Srini Pajjuri, Managing Director and Senior Equity Analyst at RBC Capital Markets, updated his opinion on Broadcom stock outlook ahead of earnings. He expects revenue and non-GAAP EPS of $19.1 billion/ $2.00 for Q1, and $20.4 billion for Q2, driven by Networking strength.
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