Broadcom Inc (AVGO) shares have fallen over 23% from their 52-week high despite strong AI-driven demand and infrastructure software strength. Analysts are optimistic about the stock’s potential for the next 12 months. In fiscal 2025, Broadcom saw record revenue of $64 billion, with AI revenue up 65% to $20 billion and infrastructure software revenue up 26% to $27 billion. The company expects to capitalize on customer spending on AI in fiscal 2026. Analysts maintain a “Strong Buy” rating with a price target indicating over 47% upside potential. AVGO stock trades at an attractive valuation.

Read more at Barchart: Broadcom Stock Is Pulling Back. Here’s What Analysts Expect Next.