Truist Broadcom · AVGO

Truist Raises Broadcom Price Target to $365

Analyst: William Stein 1 min read Reproduced verbatim
Rating
Buy
Target
$365
from $295 (+24%)
Outcome
Reached
on September 10, 2025
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What the analyst said

Truist Securities analyst William Stein raised the price target on Broadcom Limited (NASDAQ: AVGO) to $365 (from $295) while maintaining a Buy rating.

“AVGO posts solid CQ2 with a significant uptick in AI infrastructure backlog; Significant uptick in AI backlog. AVGO posted what, on the surface, looks like a lowdrama beat & raise qtr.

What made the result dramatic was management’s comments about its AI business.

The important updates included (1) the addition of a 4th AI infrastructure customer; (2) a “gentle” reiteration that heritage AI customers will continue to grow ~60% in FY26, (3) that the new customer would add $10B to sales in 2H26, and (4) AI growth appears to accelerate again in FY27.

Stunning. We take our CY26 EPS to $10.46 (from $9.18) and our PT to $365 (from $295) based on 35x (13x prem to S&P; still cheap vs. AI peers). Buy AVGO for AI growth with duration.”

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 $352. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $365 target is 29% below the median, the lowest on the Street.

Since the note AVGO has moved +15% (from $306). The 12-month window closed on September 5, 2026.

Track record

This call✓ Target reached on September 10, 2025, 5 days after the note.

Firm track recordTruist: 86% of its 21 targets at least a year old were reached within 12 months (#12 of 21 firms); on Broadcom, 3 of 3. Accuracy ranking →

Truist on Broadcom

Truist price targets on Broadcom

8 calls from March 7, 2025 to September 3, 2026. The target went from $267 to $520 (+95%). The rating stayed Buy.

Truist targetAVGO share price
  1. September 3, 2026Target cut from $550 (−5%)Buy$520
  2. June 4, 2026Target raised from $510 (+8%)Buy$550
  3. March 4, 2026Kept the $510 targetBuy$510
  4. December 19, 2025Target raised from $500 (+2%)Buy$510
  5. December 12, 2025Target raised from $365 (+37%)Buy$500
  6. September 5, 2025 This noteTarget raised from $295 (+24%)Buy$365
  7. June 6, 2025Target raised from $267 (+10%)Buy$295
  8. March 7, 2025Earliest call shownBuy$267
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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.