Mizuho Broadcom · AVGO

Mizuho Raises Broadcom Price Target to $300

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Outperform
Target
$300
from $250 (+20%)
Downside
−13%
AVGO at $346 today
Mizuho and Broadcom logos

What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $300 (from $250) while maintaining an Outperform rating.

The stock remains a Top Pick for 2025.

“In this report, we take a deep dive into AVGO’s competitive moats, AI Custom Silicon (its biggest revenue driver), disruptive CPO roadmaps, and its software cash cow.

We highlight: 1) a big 2026E for AVGO with AI Custom Silicon ramping at our estimates 60-70% share of the $60-90B SAM by F27E with leading 3.5D adv. packaging, 2) Networking leadership with key SerDes IP, StrataXGS/DNS Tomahawk5/6 and Jericho Ethernet switches driving to 102.4Tbps with roadmap to Optical with CPO, and 3) ~50% of revenue from SW supporting F25E FCF to ~$33B with its industry-leading F25E GM/OM at ~79%/66% and a strong M&A strategy under CEO Hock Tan.

Reiterating our Outperform, RAISING F27E estimates 5-10% above consensus, and raising our PT to $300 (prior $250). AVGO remains a 2025E Top Pick.”

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 $346. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $300 target is 42% below the median, the lowest on the Street.

Since the note AVGO has moved +51% (from $229). The 12-month window closed on May 27, 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, 2025 This noteTarget raised from $250 (+20%)Buy$300
  6. May 16, 2025Kept the $250 targetBuy$250
  7. March 7, 2025Target cut from $260 (−4%)Buy$250
  8. January 10, 2025Earliest call shownBuy$260
Share

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
Share on
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.