JP Morgan Broadcom · AVGO

JPMorgan Affirms Overweight on Broadcom, $250 Price Target

Analyst: Harlan Sur 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$250
Outcome
Reached
on June 3, 2025
JP Morgan and Broadcom logos

What the analyst said

JPMorgan analyst Harlan Sur reiterated an Overweight rating and $250 price target on Broadcom Limited (NASDAQ: AVGO).

“Broadcom is set to report Apr quarter (F2Q25) earnings Thursday, and we continued to see a strong demand profile for its AI products (custom ASICs and networking solutions), stabilization in the non-AI semi business (e.g., enterprise, server/storage, broadband, wireless) and continued VMware revenue synergy unlock.

As a result, we expect Apr-qtr revenue/earnings/FCF to be in-line to slightly better vs our/consensus expectations.

Off of a higher Apr-rev Qtr base, we see Jul-Qtr revenue guidance up 5-7% Q/Q growth, in-line to slightly better than consensus expectation and closer to our above-Street estimates of $16.1B led by AI demand strength (we estimate AI revenues of $5B+ vs consensus of $4.8B).”

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 +39% (from $249). The 12-month window closed on June 3, 2026.

Track record

This call✓ Target reached on June 3, 2025, 0 days after the note.

Firm track recordJP Morgan: 64% of its 22 targets at least a year old were reached within 12 months (#20 of 21 firms); on Broadcom, 3 of 3. Accuracy ranking →

JP Morgan on Broadcom

JP Morgan price targets on Broadcom

7 calls from June 3, 2025 to June 17, 2026. The target went from $250 to $580 (+132%). The rating stayed Buy.

JP Morgan targetAVGO share price
  1. June 17, 2026Kept the $580 targetBuy$580
  2. June 4, 2026Target raised from $475 (+22%)Buy$580
  3. December 12, 2025Target raised from $400 (+19%)Buy$475
  4. September 5, 2025Target raised from $325 (+23%)Buy$400
  5. July 9, 2025Kept the $325 targetBuy$325
  6. June 6, 2025Target raised from $250 (+30%)Buy$325
  7. June 3, 2025 This noteEarliest call shownBuy$250
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.