KeyBanc Broadcom · AVGO

KeyBanc Raises Broadcom Price Target to $315

Analyst: John Vinh 1 min read Reproduced verbatim
Rating
Overweight
Target
$315
from $275 (+15%)
Outcome
Reached
on September 5, 2025
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What the analyst said

KeyBanc analyst John Vinh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $315 (from $275) while maintaining an Overweight rating.

“AVGO reported solid F2Q (Apr) results and provided mixed F3Q (Jul) guidance (higher revs, lower EBITDA/EPS).

Upside was driven by Infra SW due to VMW, while Semi and AI Semi rev of $4.4B (+46% y/y) was in line, with AI Networking +170% y/y and AI ASICs +DD% y/y.

Notably, AVGO indicated AI revs are expected to grow +60% in FY25 vs. our prior est of +45% and would sustain and grow +60% in FY26, as the other 2 AI ASIC customers (META, Byte Dance) ramp in addition to GOOGL and reiterated expectations each of these customers remain on track to deploy 1M XPU clusters in FY27.

We’re encouraged by the strong AI outlook and are raising our ests and PT to $315. Reiterate Overweight.”

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 $347. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $315 target is 39% below the median, the lowest on the Street.

Since the note AVGO has moved +34% (from $260). The 12-month window closed on June 6, 2026.

Track record

This call✓ Target reached on September 5, 2025, 3 months after the note.

Firm track recordKeyBanc: 86% of its 14 targets at least a year old were reached within 12 months; on Broadcom, 4 of 4. Accuracy ranking →

KeyBanc on Broadcom

KeyBanc price targets on Broadcom

8 calls from March 7, 2025 to October 27, 2026. The target went from $275 to $575 (+109%). The rating stayed Buy.

KeyBanc targetAVGO share price
  1. October 27, 2026Kept the $575 targetBuy$575
  2. June 4, 2026Target raised from $500 (+15%)Buy$575
  3. December 12, 2025Target raised from $420 (+19%)Buy$500
  4. October 6, 2025Kept the $420 targetBuy$420
  5. September 30, 2025Target raised from $330 (+27%)Buy$420
  6. July 8, 2025Target raised from $315 (+5%)Buy$330
  7. June 6, 2025 This noteTarget raised from $275 (+15%)Buy$315
  8. March 7, 2025Earliest call shownBuy$275
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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 UBSBuy Kept rating and price target Oct 2 $470maintained
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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.