Wells Fargo Sticks to Its Buy Rating for Broadcom (AVGO)

In a report released today, Aaron Rakers from Wells Fargo maintained a Buy rating on Broadcom, with a price target of $430.00.

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Rakers covers the Technology sector, focusing on stocks such as Nvidia, Seagate Tech, and Western Digital. According to TipRanks, Rakers has an average return of 35.0% and a 67.21% success rate on recommended stocks.

In addition to Wells Fargo, Broadcom also received a Buy from TipRanks – OpenAI’s OpenAI Semiconductors in a report issued today. However, on the same day, TipRanks – Anthropic downgraded Broadcom (NASDAQ: AVGO) to a Hold.

Based on Broadcom’s latest earnings release for the quarter ending February 1, the company reported a quarterly revenue of $19.31 billion and a net profit of $7.35 billion. In comparison, last year the company earned a revenue of $14.92 billion and had a net profit of $5.5 billion

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVGO in relation to earlier this year. Most recently, in January 2026, Mark David Brazeal, the Chief Legal & Corp Affairs Ofc of AVGO sold 30,000.00 shares for a total of $10,413,644.29.