Cantor Fitzgerald Raises Broadcom Price Target to $350

Cantor Fitzgerald analyst C.J.

Muse raised the price target on Broadcom Limited (NASDAQ: AVGO) to $350 (from $300) while maintaining an Overweight rating.

“Modest Beat/Raise with AI Firing on All Cylinders Pointing to Stretch Goals of $10/$13 EPS into 2026/2027 Time Frame; Raising Price Target to $350: we look for a modest beat and raise driven by upside from Semiconductor Solutions, with particular strength coming from Custom Silicon.

We see a keen focus on continued demand for Google’s next-gen TPU v6 (and upcoming v7p in 2H) ramps as well as a more meaningful ramp likely to come from Meta’s MTIA program in the October Q time frame.

Additionally, all eyes will turn towards any visibility of current AI Custom Silicon engagements converting into customers with high-volume ramps in sight.

Furthermore, we look for confirmation of a recovery within the cyclical businesses beginning in the July Q, following nine sequential quarters of Y/Y declines and stability in the Infrastructure Software business.

Overall, we believe that Custom Silicon revenues could potentially reach $25-30B in CY26 and $40B+ in the CY27 time frame, and outline a framework for stretch goal of $13 in EPS in CY27.

We are raising our price target to $350 from $300 reflecting our rising confidence in 2027 earnings power, based on a ~30x multiple (discounted back by 12% vs. prior 30x CY26 stretch goal EPS of $10).

We reiterate our Overweight rating and AVGO remains a TOP PICK.”

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