Broadcom Inc (NASDAQ:AVGO) stock gets higher price targets from analysts after beating estimates for the first quarter and providing strong second-quarter guidance. Here’s what analysts are saying about the company’s future.
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The Broadcom Analysts
JPMorgan analyst Harlan Sur reiterated an Overweight rating on Broadcom and raised the price target from $475 to $500.
Goldman Sachs analyst James Schneider maintained a Buy rating and raised the price target from $450 to $480.
Rosenblatt analyst Kevin Cassidy maintained a Buy rating and raised the price target from $450 to $500.
Benchmark analyst Cody Acree reiterated a Buy rating with a price target of $485.
JPMorgan on Broadcom Stock
Broadcom reported “solid” first-quarter results and guidance, Sur said in a new investor note.
The analyst said the results and guidance were driven by “continued upside” in the AI segment.
“AI networking accounted for one-third of total AI revenues in Q1 and is expected to increase to 40% of total AI revenue in Q2, implying that revenues should grow 50%+ Q/Q,” Sur said. “We believe this performance puts Broadcom on track to deliver over $65B in AI revenues in FY26.”
The analyst said there is improved visibility into 2027 estimates, with Broadcom having the chance to …