Jefferies Broadcom · AVGO

Jefferies Raises Broadcom Price Target to $500

Analyst: Blayne Curtis 1 min read Reproduced verbatim
Rating
Buy
Target
$500
from $480 (+4%)
Upside
+45%
AVGO at $345 today
Jefferies and Broadcom logos

What the analyst said

Jefferies analyst Blayne Curtis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $500 (from $480) while maintaining a Buy rating.

“AI is on track to more than double in C26 and could double again in C27.

The expansion of the external TPU storyline continues with an $11B follow-on order from Anthropic for Q426.

A 5th unnamed customer (likely not OpenAI, maybe AAPL) signed during the quarter, starting a multi-year custom XPU program. AI backlog over the next 6 quarters was noted to be $73B.

There were some investor concerns that this did not signal enough upside for C26, but we do believe orders for 2H will still be placed.

There is also a bit of a transition here in terms of messaging, where AVGO provided more color on the out years when the near term was as strong but now that AI is ramping, the guide was more focused on the quarter ahead.

Outside of AI, Software is expected to grow LDD and non- AI stable in F26 (muted recovery in all but broadband). We still see a path to our $20+ EPS case for C27 and reiterate AVGO as our Top Pick.”

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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 recordJefferies: 90% of its 10 targets at least a year old were reached within 12 months. Accuracy ranking →

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

Jefferies on Broadcom

Jefferies price targets on Broadcom

5 calls from November 4, 2025 to June 30, 2026. The target went from $480 to $550 (+15%). The rating stayed Buy.

Jefferies targetAVGO share price
  1. June 30, 2026Kept the $550 targetBuy$550
  2. June 4, 2026Target raised from $500 (+10%)Buy$550
  3. February 5, 2026Kept the $500 targetBuy$500
  4. December 12, 2025 This noteTarget raised from $480 (+4%)Buy$500
  5. November 4, 2025Earliest call shownBuy$480
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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.