Morgan Stanley Broadcom · AVGO

Morgan Stanley Raises Broadcom Price Target to $462

Analyst: Joseph Moore 1 min read Reproduced verbatim
Rating
Overweight
Target
$462
from $443 (+4%)
Outcome
Reached
on June 2, 2026
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What the analyst said

Morgan Stanley analyst Joseph Moore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $462 (from $443) while maintaining an Overweight rating.

“Overall, these are very good results, showing near term upside to overall #s for the first time in a while.

Every quarter in CY25 has driven longer term expectations higher, as they have expanded from 3 customers to 5, given optimistic SAM targets for CY27, amid positive reports on TPU v7; AI revenues have been above our estimates, mostly offset by weaker non AI semis.

This quarter showed more of a short term inflection as well, guiding overall revenues and EPS further above our estimates than we had seen previously, and guiding AI 20% above our estimates for the January quarter.

That said, the very strong revenue from Anthropic for 2h26 does create some uncertainties in how to model all of this growth.

Last quarter the company announced a $10 bn order from customer #4, later officially revealed to be Anthropic, and tonight the company announced another $11 bn order from them.

Both of those orders ship in 2h26; $21 bn of revenue is over 40% of our full year AI #.”

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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 $328. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $462 target is 10% below the median.

Since the note AVGO has moved −19% (from $406). 12-month window: day 322 of 365, closes on December 12, 2026.

Track record

This call✓ Target reached on June 2, 2026, 6 months 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 →

Earnings reactionOne of 20 notes after Broadcom’s Dec 11 results: 17 raised · 0 cut · 3 kept. See every call →

Morgan Stanley on Broadcom

Morgan Stanley price targets on Broadcom

8 calls from July 30, 2025 to June 1, 2026. The target went from $338 to $485 (+43%). The rating stayed Buy.

Morgan Stanley targetAVGO share price
  1. June 1, 2026Target raised from $470 (+3%)Buy$485
  2. March 6, 2026Target raised from $462 (+2%)Buy$470
  3. December 12, 2025 This noteTarget raised from $443 (+4%)Buy$462
  4. December 1, 2025Target raised from $409 (+8%)Buy$443
  5. October 14, 2025Target raised from $382 (+7%)Buy$409
  6. September 5, 2025Target raised from $357 (+7%)Buy$382
  7. September 2, 2025Target raised from $338 (+6%)Buy$357
  8. July 30, 2025Earliest call shownBuy$338
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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.