StreetInsider.com News Articles

Broadcom downgraded as Google moves to reduce reliance on chip supplier

Thu, 04 Jun 2026 10:15:05 -0400

Investing.com -- Investment bank Macquarie has downgraded Broadcom from Outperform to Neutral, citing growing concerns that key customer Google is increasingly developing its own artificial intelligence (AI) chip capabilities and diversifying suppliers. The firm also cut its 12-month price target on Broadcom by 15% to $437 per share, down from $513.

Macquarie analysts said Broadcom's dominant position in the fast-growing AI application-specific integrated circuit (ASIC) market is facing new competitive pressure. Google, historically dependent on Broadcom for its AI chip supply chain, is now working with MediaTek while simultaneously expanding internal chip-development efforts. As a result, Macquarie expects Broadcom's market share to

Broadcom downgraded as Google moves to reduce reliance on chip supplier

Thu, 04 Jun 2026 10:15:05 -0400

Broadcom Limited (AVGO) PT Raised to $640 at BNP Paribas Exane, 'Primed for Growth'

Thu, 04 Jun 2026 09:17:35 -0400

BNP Paribas Exane analyst Karl Ackerman raised the price target on Broadcom Limited (NASDAQ: AVGO) to $640.00 (from $600.00) while maintaining a Outperform rating.

The analyst comments "Broadcom's stock is down ~14% AHs on limited near-term upside from AI sales and lower GMs. We believe this is shortsighted as AI compute and networking AI orders continue to accelerate that now supports visibility through '28. Additionally, we are confident in Broadcom's ability to maintain operating leverage as AI sales ramp. As such, we raise our estimates and our TP from $600 to $640. Broadcom reported FQ2:26 rev/EPS of $22.2B/$2.44 (0%/2% above) and

Broadcom Limited (AVGO) PT Raised to $640 at BNP Paribas Exane, 'Primed for Growth'

Thu, 04 Jun 2026 09:17:35 -0400

BNP Paribas Exane analyst Karl Ackerman raised the price target on Broadcom Limited (NASDAQ: AVGO) to $640.00 (from $600.00) while maintaining a Outperform rating.

Broadcom Limited (AVGO) PT Raised to $640 at BNP Paribas Exane, 'Primed for Growth'

Thu, 04 Jun 2026 09:17:35 -0400

BNP Paribas Exane analyst Karl Ackerman raised the price target on Broadcom Limited (NASDAQ: AVGO) to $640.00 (from $600.00) while maintaining a Outperform rating.

TD Cowen on Broadcom Limited (AVGO): 'Limited Near-Term Upside & Reiterated F2027 Outlook Not Enough This Quarter'

Thu, 04 Jun 2026 08:48:16 -0400

TD Cowen analyst Joshua Buchalter reiterated a Buy rating and $500.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst commented: "Limited Near-Term Upside & Reiterated F2027 Outlook Not Enough This Quarter; Reiterating past (admittedly significant) growth targets in a market environment clamoring for material beats and raises is likely to disappoint. Based on GW-level math, we see upside to numbers in F2027+...but a seeming unwillingness to lean into that upside, gross margins moving lower, and some shifting commentary on key XPU projects likely weighs on the stock in the near-term. Buy, $500 PT."

For an analyst ratings summary and ratings history

Broadcom Limited (AVGO) PT Raised to $550 at Bernstein SocGen

Thu, 04 Jun 2026 08:14:13 -0400

(Updated - June 4, 2026 8:14 AM EDT)

Bernstein SocGen Group analyst Stacy Rasgon raised the price target on Broadcom Limited (NASDAQ: AVGO) to $550.00 (from $525.00) while maintaining an Outperform rating.

The analyst commented: "Broadcom’s FQ226 earnings were solid ($22.2B/$2.44 vs the Street $22.1B/$2.39) with semis better and software slightly worse than expected. AI semis were ~$10.8B, up 143% YoY, above expectations ($10.7B); non-AI semis also strengthened. FQ326 guidance was mixed. Revenue and EPS outlook beat but driven by SW and non-AI semis with AI semis (while objectively strong) seen a touch below (overall results at $29.4B/~ $3.25 vs Street $28.6B/$3.15).

Broadcom Limited (AVGO) PT Raised to $550 at Bernstein SocGen

Thu, 04 Jun 2026 08:14:13 -0400

(Updated - June 4, 2026 8:14 AM EDT)

Bernstein SocGen Group analyst Stacy Rasgon raised the price target on Broadcom Limited (NASDAQ: AVGO) to $550.00 (from $525.00) while maintaining an Outperform rating.

Broadcom Limited (AVGO) PT Raised to $535 at Oppenheimer

Thu, 04 Jun 2026 07:53:03 -0400

Oppenheimer analyst Rick Schafer raised the price target on Broadcom Limited (NASDAQ: AVGO) to $535.00 (from $450.00) while maintaining a Outperform rating.

Broadcom Limited (AVGO) PT Raised to $400 at DA Davidson

Thu, 04 Jun 2026 07:46:24 -0400

(Updated - June 4, 2026 7:46 AM EDT)

DA Davidson analyst Gil Luria raised the price target on Broadcom Limited (NASDAQ: AVGO) to $400.00 (from $375.00) while maintaining a Neutral rating.

The analyst commented: "Shares are down after hours following a modest 1Q revenue beat of 0.5% versus consensus and a constructive 3Q guide which failed to meet elevated investor expectations. The updated outlook calls for 84% Y/Y total revenue growth in 3Q, led by >200% Y/Y growth in AI semiconductor revenue and 67% Non-GAAP operating margins. During the call the company provided updates on several strategic initiatives that suggest we are

Broadcom Limited (AVGO) PT Raised to $400 at DA Davidson

Thu, 04 Jun 2026 07:46:24 -0400

(Updated - June 4, 2026 7:46 AM EDT)

DA Davidson analyst Gil Luria raised the price target on Broadcom Limited (NASDAQ: AVGO) to $400.00 (from $375.00) while maintaining a Neutral rating.

Macquarie Downgrades Broadcom Limited (AVGO) to Neutral on 'ASIC market-share pressure'

Thu, 04 Jun 2026 07:32:24 -0400

(Updated - June 4, 2026 7:32 AM EDT)

Macquarie analyst Arthur Lai downgraded Broadcom Limited (NASDAQ: AVGO) from Outperform to Neutral, PT $437.00.

The analyst comments " We move to the sidelines as Google shifts toward insourcing. As noted in our prior ASIC thesis (see ASIC ecosystem report here), Broadcom was previously the only vendor in Google’s supply chain. However, Google is now working with MediaTek (2454 TT, Outperform) and developing in-house capabilities (see our recent report dated here). We expect Broadcom’s market share to decline meaningfully in 2027–28 and downgrade our rating from Outperform to Neutral. • Both upside and downside

Macquarie Downgrades Broadcom Limited (AVGO) to Neutral on 'ASIC market-share pressure'

Thu, 04 Jun 2026 07:32:24 -0400

(Updated - June 4, 2026 7:32 AM EDT)

Macquarie analyst Arthur Lai downgraded Broadcom Limited (NASDAQ: AVGO) from Outperform to Neutral, PT $437.00.

Macquarie Downgrades Broadcom Limited (AVGO) to Neutral on 'ASIC market-share pressure'

Thu, 04 Jun 2026 07:32:24 -0400

(Updated - June 4, 2026 7:32 AM EDT)

Macquarie analyst Arthur Lai downgraded Broadcom Limited (NASDAQ: AVGO) from Outperform to Neutral, PT $437.00.

Macquarie Downgrades Broadcom Limited (AVGO) to Neutral on 'ASIC market-share pressure'

Thu, 04 Jun 2026 07:32:24 -0400

(Updated - June 4, 2026 7:32 AM EDT)

Macquarie analyst Arthur Lai downgraded Broadcom Limited (NASDAQ: AVGO) from Outperform to Neutral, PT $437.00.

Broadcom Limited (AVGO) PT Raised to $575 at KeyBanc

Thu, 04 Jun 2026 07:30:21 -0400

KeyBanc analyst John Vinh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $575.00 (from $500.00) while maintaining an Overweight rating.

The analyst commented: "In-line Results and Higher Guidance; AVGO reported in-line F2Q (Apr) and guides F3Q (Jul) higher mostly driven by higher Infra SW, while guide for FY26 AI revs of $56B is in line, while FY27 AI revs of $100B+/10GW is maintained. Ecosystem readiness (i.e., power shell)/supply chain constraints were blamed for maintaining its AI outlook. Ramp of MTK's TPUs (Zebra/Humu Fish) are also likely limiting upside. While disappointing, the ramp of 10GW deployments in FY27 is expected

Broadcom Limited (AVGO) PT Raised to $575 at KeyBanc

Thu, 04 Jun 2026 07:30:21 -0400

KeyBanc analyst John Vinh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $575.00 (from $500.00) while maintaining an Overweight rating.

Broadcom Limited (AVGO) PT Raised to $545 at Benchmark

Thu, 04 Jun 2026 07:16:24 -0400

(Updated - June 4, 2026 7:16 AM EDT)

Benchmark analyst Cody Acree raised the price target on Broadcom Limited (NASDAQ: AVGO) to $545.00 (from $485.00) while maintaining a Buy rating.

The analyst comments "AVGO shares sold off by about 13% after-hours despite record 2Q results, a $0.04 EPS beat, and a Q3 revenue guide $1.15B above consensus, because the market was measuring the report against an elevated AI semiconductor bar rather than published estimates. The immediate disappointment centered on four issues: Q3 AI semiconductor guidance of $16.0B was still >200% Y/Y growth but below Street's $17.2B and likely below buyside expectations closer

Broadcom Limited (AVGO) PT Raised to $545 at Benchmark

Thu, 04 Jun 2026 07:16:24 -0400

(Updated - June 4, 2026 7:16 AM EDT)

Benchmark analyst Cody Acree raised the price target on Broadcom Limited (NASDAQ: AVGO) to $545.00 (from $485.00) while maintaining a Buy rating.

Broadcom Limited (AVGO) Reiterated at Overweight by Cantor Fitzgerald

Thu, 04 Jun 2026 06:59:40 -0400

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $525.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst commented, "Despite a solid beat and raise, this was a disappointing report from Broadcom with less precise execution than what we have come to expect. Here, we highlight 1) AI revenue outlook for the July Q of only $16B (vs. our $17.1B), 2) upside for the July Q revenues driven moreso by Infrastructure Software (guided $8.9B vs cons $7.7B), 3) disappointing GM guide of 74% (cons 76.8%), and 4) mgmt only reiterating its vision for AI revenues to exceed $100B in

Broadcom Limited (AVGO) PT Raised to $530 at Mizuho, "we would buy the pullback"

Thu, 04 Jun 2026 06:58:14 -0400

(Updated - June 4, 2026 6:58 AM EDT)

Mizuho analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $530.00 (from $480.00) while maintaining a Outperform rating.

The analyst commented: "We would buy the pullback as AVGO reported in-line AprQ results and guided JulQ to $29.4B, up 33% q/q (above consensus $28.6B). Key points: 1) JulQ AI revenue guided to $16B, up 48% q/q with visibility extending into 2028E, 2) XPU ramps strengthening with leading customers GOOGL, Anthropic, OpenAI, META, and others driving F27E AI revs >$100B (unchanged vs. prior) though we believe could have upside as new capacity

Broadcom Limited (AVGO) PT Raised to $530 at Mizuho, "we would buy the pullback"

Thu, 04 Jun 2026 06:58:14 -0400

(Updated - June 4, 2026 6:58 AM EDT)

Mizuho analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $530.00 (from $480.00) while maintaining a Outperform rating.

Stocks expected to have increasing option volume: AVGO CRWD AI CIEN FIVE VEEV PVH WOOF DDD CHPT

Thu, 04 Jun 2026 06:05:31 -0400

Stocks expected to have increasing option volume: AVGO CRWD AI CIEN FIVE VEEV PVH WOOF DDD CHPT

European tech stocks fall after Broadcom guidance cools AI optimism

Thu, 04 Jun 2026 05:57:37 -0400

Investing.com -- European semiconductor stocks fell on Thursday after Broadcom held its $100 billion artificial intelligence revenue forecast unchanged, disappointing investors and sending the U.S. chipmaker’s shares down more than 13% in premarket trading.

Nokia shares slumped more than 9% by 09:23 GMT, while STMicroelectronics, Infineon, ASML and ASM fell between 2% and 6%.

Broadcom posted fiscal second-quarter revenue of $22.2 billion and earnings per share of $2.44, edging past Wall Street estimates of $22.1 billion and $2.39. AI semiconductor revenue rose 143% year-over-year to $10.8 billion, topping expectations.

But the company kept its fiscal 2027 target of $100

Wolfe Research on Broadcom Limited (AVGO): 'see a path to ~ $25 bull case EPS'

Thu, 04 Jun 2026 05:47:50 -0400

Wolfe Research analyst Chris Caso reiterated an Outperform rating and $500.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments ""AVGO beat F2/F3Q revenue but maintained FY27 AI semis guidance of >$100bn. Non-AI semis & Software continue to exhibit strength. We model ~$130bn AI semis revenue in FY27, driven by diverse AI semis strength, and see a path to ~ $25 bull case EPS. Reit OP, $500 PT."

For an analyst ratings summary and ratings history on Broadcom Limited click here. For more ratings news on Broadcom Limited click here.

Shares of Broadcom Limited closed at $479.23 yesterday.