Truist Broadcom · AVGO

Truist Raises Broadcom Price Target to $267

Analyst: William Stein 1 min read Reproduced verbatim
Rating
Buy
Target
$267
from $260 (+3%)
Outcome
Reached
on June 26, 2025
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What the analyst said

Truist Securities analyst William Stein raised the price target on Broadcom Limited (NASDAQ: AVGO) to $267 (from $260) while maintaining a Buy rating.

“AVGO offers a very encouraging view of AI demand & innovation. PT to $267; AI demand & innovation are pushing forward.

AVGO posted upside to CQ4 (Jan) results, and CQ1 (Apr) guidance driven somewhat by software but mostly by AI, which overwhelmed weakness in AVGO’s heritage semi markets.

Management reiterated prior comments about 3 customers driving to a $60-90B SAM in FY27, but highlighted 4 “pre-customers” that we believe could accelerate sales CAGR above 30%. Stunning.

We take our CY26 EPS to $8.49 (from $8.26) and our PT to $267 (from $260) based on 31.5x (10.5x prem to S&P; still cheap vs. AI peers).

Buy AVGO for AI growth (with duration), dividend momentum, and M&A benefits.”

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 $267 target is 48% 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 26, 2025, 4 months after the note.

Firm track recordTruist: 86% of its 21 targets at least a year old were reached within 12 months (#12 of 21 firms); on Broadcom, 3 of 3. Accuracy ranking →

Truist on Broadcom

Truist price targets on Broadcom

8 calls from March 7, 2025 to September 3, 2026. The target went from $267 to $520 (+95%). The rating stayed Buy.

Truist targetAVGO share price
  1. September 3, 2026Target cut from $550 (−5%)Buy$520
  2. June 4, 2026Target raised from $510 (+8%)Buy$550
  3. March 4, 2026Kept the $510 targetBuy$510
  4. December 19, 2025Target raised from $500 (+2%)Buy$510
  5. December 12, 2025Target raised from $365 (+37%)Buy$500
  6. September 5, 2025Target raised from $295 (+24%)Buy$365
  7. June 6, 2025Target raised from $267 (+10%)Buy$295
  8. March 7, 2025 This noteEarliest call shownBuy$267
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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.