AVGO vs. SMCI: Analysts See Upside in One AI Stock, but 24% Downside in the Other

Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter

AVGO: Analysts Remain Upbeat Ahead of Q2 Earnings

AVGO has jumped more than 29% year-to-date, driven by solid demand for the company’s custom AI chips and networking products. Wall Street analysts project revenues around $22.12 billion, implying 47% year-over-year growth. Meanwhile, analysts expect Broadcom to report earnings per share of $2.40 for Q2 FY26, up 52% year-over-year.

Investors will be watching whether Broadcom can maintain strong growth in its AI chip and networking businesses.

Ahead of the print, Susquehanna analyst Christopher Rolland raised his price target for AVGO stock to $490 from $450 and kept a Buy rating. He expects Broadcom to post strong results, helped by demand for its AI chips and networking products. However, he lowered his fiscal 2026 AI revenue estimate to about $55 billion from $62.5 billion after reducing expectations for a major Anthropic-related AI chip program.