Deutsche Bank Broadcom · AVGO

Deutsche Bank Raises Broadcom Price Target to $400

Analyst: Ross Seymore 1 min read Reproduced verbatim
Rating
Buy
Target
$400
from $350 (+14%)
Outcome
Reached
on November 28, 2025
Deutsche Bank and Broadcom logos

What the analyst said

Deutsche Bank analyst Ross Seymore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $400 (from $350) while maintaining a Buy rating.

“Before the open this morning, AVGO and OpenAI announced a strategic collaboration to deploy ~10 gigawatts of accelerators and network systems for next-generation AI clusters.

The plan is to co-develop systems that include both accelerators (ASICS/XPUs) and Ethernet solutions from AVGO for both scale-up and scale-out.

The two companies have been working together for ~18 months and are expected to begin deploying racks starting in 2H26, finishing by 2029 (generating DBe ~$100b in total revenues).

We note that this deal follows a flood of OpenAI-related news, with similar deployments agreed upon with both AMD and, as OpenAI seeks to gain access to a seemingly endless array of processor capacity, albeit with the AVGO deal not including any co-investment dynamics.”

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 $323. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $400 target is 22% below the median, the lowest on the Street.

Since the note AVGO has moved −9% (from $357). The 12-month window closed on October 14, 2026.

Track record

This call✓ Target reached on November 28, 2025, 1 month after the note.

Firm track recordDeutsche Bank: 79% of its 24 targets at least a year old were reached within 12 months (#14 of 26 firms); on Broadcom, 3 of 3. Accuracy ranking →

Deutsche Bank on Broadcom

Deutsche Bank price targets on Broadcom

4 calls from June 6, 2025 to June 4, 2026. The target went from $270 to $515 (+91%). The rating stayed Buy.

Deutsche Bank targetAVGO share price
  1. June 4, 2026Target raised from $400 (+29%)Buy$515
  2. October 14, 2025 This noteTarget raised from $350 (+14%)Buy$400
  3. September 5, 2025Target raised from $270 (+30%)Buy$350
  4. June 6, 2025Earliest call shownBuy$270
Share

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
Share on
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.