Truist Broadcom · AVGO

Truist Raises Broadcom Price Target to $500

Analyst: William Stein 1 min read Reproduced verbatim
Rating
Buy
Target
$500
from $365 (+37%)
Upside
+45%
AVGO at $345 today
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What the analyst said

Truist Securities analyst William Stein raised the price target on Broadcom Limited (NASDAQ: AVGO) to $500 (from $365) while maintaining a Buy rating.

“AVGO posted what looks like a pretty low- drama beat & raise, beating its AI bogey for the qtr ($6.5b vs. $6.2b guide) & the outlook ($8.2b guide vs. our $7.1b view!).

AVGO noted $11b of additional orders and a $73b backlog in AI that takes estimates significantly higher. The rub: additional 2H26 AI revs drag GPM significantly.

We care about the GPM drag, but see OP$ and EPS as more important, and those are going materially higher today. CY26 EPS to $13.10 (from $10.46).

PT to $500 (from $365) based on 38x (a realistic 10x discount to the hi-growth semi peers). Buy AVGO for AI growth with duration.”

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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 $345. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $500 target is 3% below the median.

Since the note AVGO has moved −15% (from $406). 12-month window: day 321 of 365, closes on December 12, 2026.

Track record

This callOpen: AVGO has not reached $500 yet. This 12-month target is scored on December 12, 2026.

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 →

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

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, 2025 This noteTarget raised from $365 (+37%)Buy$500
  6. September 5, 2025Target 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.