Morgan Stanley Broadcom · AVGO

Morgan Stanley Raises Broadcom Price Target to $338

Analyst: Joseph Moore 1 min read Reproduced verbatim
Rating
Overweight
Target
$338
from $270 (+25%)
Outcome
Reached
on September 8, 2025
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What the analyst said

Morgan Stanley analyst Joseph Moore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $338 (from $270) while maintaining an Overweight rating.

“We raise our 2026 MW EPS multiple from 40x to 50x, increasing our PT from $270 to $338 on $6.77 MW EPS (including SBC). This is ~41x non-GAAP EPS of $8.64.

AVGO seems the most uncontroversial of the AI names ever since the 2027 SAM raised longer term expectations.

Broadcom has one of the most compelling bull cases, and while there is significant optionality in their long-term outlook, their ambitious SAM is materially possible.”

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 $326. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $338 target is 34% below the median, the lowest on the Street.

Since the note AVGO has moved +10% (from $297). The 12-month window closed on July 30, 2026.

Track record

This call✓ Target reached on September 8, 2025, 40 days after the note.

Firm track recordMorgan Stanley: 89% of its 38 targets at least a year old were reached within 12 months (#6 of 21 firms); on Broadcom, 6 of 6. Accuracy ranking →

Morgan Stanley on Broadcom

Morgan Stanley price targets on Broadcom

8 calls from March 7, 2025 to December 12, 2025. The target went from $260 to $462 (+78%). The rating stayed Buy.

Morgan Stanley targetAVGO share price
  1. December 12, 2025Target raised from $443 (+4%)Buy$462
  2. December 1, 2025Target raised from $409 (+8%)Buy$443
  3. October 14, 2025Target raised from $382 (+7%)Buy$409
  4. September 5, 2025Target raised from $357 (+7%)Buy$382
  5. September 2, 2025Target raised from $338 (+6%)Buy$357
  6. July 30, 2025 This noteTarget raised from $270 (+25%)Buy$338
  7. June 6, 2025Target raised from $260 (+4%)Buy$270
  8. March 7, 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.