Broadcom Limited (AVGO) PT Raised to $630 at Baird

Baird analyst Tristan Gerra raised the price target on Broadcom Limited (NASDAQ: AVGO) to $630.00 (from $420.00) while maintaining a Outperform rating.

The analyst comments "Broadcom's well-above-consensus AI revenue guidance for 2026-2027, driven by multiple AI customer ramps, dwarfs any potential share loss next year, while the company's technology and execution capabilities for custom ASICs are second to none. This, along with very strong, mix-accretive networking ramp, Anthropic rack deployments no longer expected to be XPU-margin dilutive, and an affirmation that AI is not cannibalistic but instead will likely feed incremental VCF demand, will go a long way dismissing recent investor concerns on the stock. We model very significant revenue/EPS upside through 2030. Outperform-rated."

You May Also Be Interested In

• Active options: AVGO MSTR PLTR SNDK SMCI NBIS MSFT META GOOGL NU NFLX ONDS
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)