Broadcom (AVGO) Stock Nears $250 High as Analysts Project 2025 Peak

Broadcom’s stock (AVGO) is regaining momentum after a sluggish start to 2025, now up 26% in the past month and approaching its all-time high of $250. Melius analyst Ben Reitzes has raised his price target to $283, citing a 30x P/E multiple on fiscal 2027 earnings projections.

The chipmaker remains a key player in AI infrastructure, with Reitzes noting enterprises increasingly dual-source compute solutions from both Nvidia and Broadcom. Despite trailing Nvidia in AI chip dominance, Broadcom’s 300% growth since 2023 underscores its position as a must-have semiconductor holding.

With a robust balance sheet and diversified client base, Broadcom continues to capitalize on the AI boom while maintaining stability in volatile markets. The revised valuation reflects growing confidence in the company’s ability to monetize AI workloads beyond traditional semiconductor cycles.