Broadcom Stock Picks Up Another Lofty Bull Note

Broadcom Stock Picks Up Another Lofty Bull Note The analyst in coverage is optimistic about the chipmaker's abilities as AI supplier Liliana Orozco Assistant Editor Aug 21, 2026 at 10:49 AM AVGO AVGO has righted the chip at a familiar floor in recent weeks Broadcom (NASDAQ:AVGO) shares are up 1.3% to trade at $368.88 today, after BMO initiated coverage on the chipmaker with an "outperform" rating and $455 price target. The analyst in coverage cited Broadcom as the leading AI supplier in XPU, networking markets. AVGO snapped a four-day losing streak yesterday, with the $360 level stepping up once more as support, as its done all summer. The shares are 27% higher year-over-year and 6.2% higher in 2026. Options traders have been firmly bullish, per the stock's 50-day call/put volume ratio of 2.14 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 80% of annual readings. Broadcom tends to underperform options traders' volatility expectations, per its Schaeffer's Volatility Scorecard (SVS) of 10 out of 100. This makes premium-selling an intriguing move going forward.