Mizuho Broadcom · AVGO

Mizuho Reaffirms Outperform on Broadcom, $250 Price Target

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$250
Downside
−28%
AVGO at $346 today
Mizuho and Broadcom logos

What the analyst said

Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $250 price target on Broadcom Limited (NASDAQ: AVGO).

“We would note strong ramps for Custom Silicon ASICs at AVGO into 2026E as TPUv7p/MTIA2 and 2H26 with OpenAI’s Strawberry and AAPL’s (NC) Baltra.

We would note potential for other Custom ASIC engagements into 1H27E.

Our call also noted that MRVL (NC) could see some CoWoS headwinds, as CoWoS 2026 capacity sees some softening y/y – potentially with AlChip (3661.TW, NC) gains on Trn3.

Also, near-term we believe MTK (2454.TW, Covered by Kevin Wang, Buy, TWD1,750 PT) seeing some challenges on v7e ramp with yield issues which could soften 2026E MTK CoWoS outlook.”

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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 $250 target is 51% below the median, the lowest on the Street.

Since the note AVGO has moved +49% (from $233). The 12-month window closed on May 16, 2026.

Track record

Firm track recordMizuho: 93% of its 41 targets at least a year old were reached within 12 months (#3 of 14 firms). Accuracy ranking →

Mizuho on Broadcom

Mizuho price targets on Broadcom

8 calls from January 10, 2025 to July 15, 2025. The target went from $260 to $329 (+27%). The rating stayed Buy.

Mizuho targetAVGO share price
  1. July 15, 2025Target raised from $315 (+4%)Buy$329
  2. July 9, 2025Kept the $315 targetBuy$315
  3. July 2, 2025Target raised from $310 (+2%)Buy$315
  4. June 6, 2025Target raised from $300 (+3%)Buy$310
  5. May 27, 2025Target raised from $250 (+20%)Buy$300
  6. May 16, 2025 This noteKept the $250 targetBuy$250
  7. March 7, 2025Target cut from $260 (−4%)Buy$250
  8. January 10, 2025Earliest call shownBuy$260
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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.