Piper Sandler Broadcom · AVGO

Piper Sandler Maintains Overweight on Broadcom, $250 Price Target

Analyst: Harsh Kumar 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$250
Outcome
Reached
on June 3, 2025
Piper Sandler and Broadcom logos

What the analyst said

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $250 price target on Broadcom Limited (NASDAQ: AVGO).

“Strong AI Growth Drives Earnings Beat; AVGO reported a strong quarter nicely beating January quarter estimates as well as expectations for the April quarter guide.

The big driver continues to be XPU and AI related networking which amounted to $4.1 billion in revenues for the January quarter and is expected to rise to $4.4 billion in the April quarter (up 44% Y/Y).

The non-AI business within semiconductors was actually down roughly 9% in the January quarter on a sequential basis but is expected to flat-line into the April quarter.

Enterprise software by comparison grew very strongly on a sequential basis by 15% and is expected to be slightly down sequentially going forward.

Management noted that 70% of their largest software customers had adopted VCF from VMware. All in all, we continue to be impressed with AVGO’s execution and reiterate our OW rating.”

Disclaimer
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 $345. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $250 target is 51% below the median, the lowest on the Street.

Since the note AVGO has moved +92% (from $179). The 12-month window closed on March 7, 2026.

Track record

This call✓ Target reached on June 3, 2025, 3 months after the note. Same target as this firm’s February 21, 2025 note, so it is scored there.

Firm track recordPiper Sandler: 86% of its 29 targets at least a year old were reached within 12 months (#11 of 21 firms); on Broadcom, 4 of 4. Accuracy ranking →

Piper Sandler on Broadcom

Piper Sandler price targets on Broadcom

7 calls from February 21, 2025 to September 10, 2026. The target went from $250 to $460 (+84%). The rating stayed Buy.

Piper Sandler targetAVGO share price
  1. September 10, 2026Target raised from $430 (+7%)Buy$460
  2. December 12, 2025Target raised from $375 (+15%)Buy$430
  3. September 5, 2025Target raised from $315 (+19%)Buy$375
  4. August 22, 2025Target raised from $300 (+5%)Buy$315
  5. June 6, 2025Target raised from $250 (+20%)Buy$300
  6. March 7, 2025 This noteKept the $250 targetBuy$250
  7. February 21, 2025Earliest call shownBuy$250
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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 KeyBancBuy Kept rating and price target Oct 27 $575maintained
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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.