HSBC Broadcom · AVGO

HSBC Raises Broadcom Price Target to $240

Analyst: Frank Lee 1 min read Reproduced verbatim
Rating
Hold
Target
$240
from $225 (+7%)
Outcome
Missed
within 12 months
HSBC and Broadcom logos

What the analyst said

HSBC analyst Frank Lee raised the price target on Broadcom Limited (NASDAQ: AVGO) to $240 (from $225) while maintaining a Hold rating.

“3QFY25 revenue guidance of USD15.8bn is up 5% q-o-q and 3% above our estimate of USD15.3bn but in-line with consensus of USD15.8bn.

3QFY25 AI revenue guidance of USD5.1bn is up 16% q-o-q and ahead of our estimate of USD4.6bn and consensus of USD4.7bn, led by stronger ASIC q-o-q growth of 35% as AI networking revenue is expected to decline to 30% of AI revenues (from 40% in 2QFY25).

Non-AI semiconductor revenue and infrastructure software revenue are expected to remain flat q-o-q.

3QFY25 GM guidance of 78.1% is down 135bp due to a higher ASIC mix but is above our estimate of 77.1% and consensus of 77.6%.”

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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 $240 target is 53% below the median, the lowest on the Street.

Since the note AVGO has moved +33% (from $260). The 12-month window closed on June 6, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note AVGO closed at $397, 65% above the $240 target, and it moved the other way.

Firm track recordHSBC: 59% of its 17 targets at least a year old were reached within 12 months (#21 of 21 firms); on Broadcom, 2 of 3. Accuracy ranking →

HSBC on Broadcom

HSBC price targets on Broadcom

6 calls from June 6, 2025 to June 2, 2026. The target went from $240 to $600 (+150%). The rating moved from Hold to Buy.

HSBC targetAVGO share price
  1. June 2, 2026Target raised from $535 (+12%)Buy$600
  2. December 12, 2025Kept the $535 targetBuy$535
  3. December 8, 2025Target raised from $400 (+34%)Buy$535
  4. September 5, 2025Kept the $400 targetBuy$400
  5. June 24, 2025Upgraded to Buy, target raised from $240 (+67%)Buy$400
  6. June 6, 2025 This noteEarliest call shownHold$240
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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.