Broadcom gains; Mizuho raises PT on AI chip growth expectation
ReutersJan 9, 2026 12:37 PM
Networking and custom AI chipmaker Broadcom's AVGO.O shares rise ~1% to $335.60 premarket
Mizuho raises PT to $480 from $450, implying an upside of 44.4% to stock's last close
Brokerage says AVGO is well positioned to remain leader in AI chips industry
Mizuho expects Broadcom's custom AI chip shipments to grow 43% per year from 2023 to 2027
Avg. rating of 49 analysts is "buy", their median PT is $461 - data compiled by LSEG
AVGO gained 49.3% in 2025
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