KeyBanc Broadcom · AVGO

KeyBanc Raises Broadcom Price Target to $275

Analyst: John Vinh 1 min read Reproduced verbatim
Rating
Overweight
Target
$275
from $260 (+6%)
Downside
−20%
AVGO at $346 today
KeyBanc and Broadcom logos

What the analyst said

KeyBanc analyst John Vinh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $275 (from $260) while maintaining an Overweight rating.

“Strong Results and Guidance; AVGO reported strong F1Q (Jan) results and F2Q (Apr) guidance, which exceeded expectations.

Upside was driven by AI revs of $4.1B (+77% y/y), which exceeded guidance of $3.8B due to stronger networking revs. F2Q AI revs are expected to remain strong at $4.4B (+44% y/y).

Notably, AVGO announced two additional AI “engagement partners” for a total of four (we believe two of four are AAPL and OpenAI).

These new customers would be additive to the existing F27 SAM of $60B-$90B driven by existing customers (Google, Meta, Byte Dance).

We’re encouraged by these strong results, as AVGO strengthens its position as a leading custom AI ASIC provider. As such, we’re raising ests and our PT to $275.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AVGO trades at $346. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $275 target is 47% below the median, the lowest on the Street.

Since the note AVGO has moved +93% (from $179). The 12-month window closed on March 7, 2026.

Track record

Firm track recordKeyBanc: 80% of its 10 targets at least a year old were reached within 12 months. Accuracy ranking →

KeyBanc on Broadcom

KeyBanc price targets on Broadcom

8 calls from March 7, 2025 to October 27, 2026. The target went from $275 to $575 (+109%). The rating stayed Buy.

KeyBanc targetAVGO share price
  1. October 27, 2026Kept the $575 targetBuy$575
  2. June 4, 2026Target raised from $500 (+15%)Buy$575
  3. December 12, 2025Target raised from $420 (+19%)Buy$500
  4. October 6, 2025Kept the $420 targetBuy$420
  5. September 30, 2025Target raised from $330 (+27%)Buy$420
  6. July 8, 2025Target raised from $315 (+5%)Buy$330
  7. June 6, 2025Target raised from $275 (+15%)Buy$315
  8. March 7, 2025 This noteEarliest call shownBuy$275
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Other analysts on Broadcom

StoneXBuy Kept rating and price target Oct 27 $545maintained UBSBuy Kept rating and price target Oct 27 $470maintained RosenblattBuy Kept rating and price target Oct 27 $600maintained DA DavidsonBuy Upgraded, raised price target +14% Oct 27 $400from $350 UBSBuy Kept rating and price target Oct 2 $470maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.