Analyst Rick Schafer expects Broadcom to exceed $22.12 billion revenue and $1.73 EPS estimates, citing AI-driven momentum.
Oppenheimer analyst Rick Schafer reiterated a buy rating on Broadcom (AVGO) with a $450 price target, anticipating strong fiscal Q2 results. The firm expects the company to surpass consensus revenue of $22.12 billion and GAAP EPS of $1.73, driven by AI demand extending into the second half of the fiscal year.
Broadcom previously reported record Q1 2026 revenue of $19.31 billion, reinforcing Schafer’s bullish outlook. Wall Street consensus for Q2 reflects high expectations, with the stock up 80% over the past year and trading at 37 times forward earnings.
Schafer’s note highlights confidence in Broadcom’s ability to not only meet but raise guidance for the July quarter, positioning the company in a beat-and-raise scenario.