Baird Broadcom · AVGO

Baird Raises Broadcom Price Target to $420

Analyst: Tristan Gerra 1 min read Reproduced verbatim
Rating
Outperform
Target
$420
from $300 (+40%)
Outcome
Reached
on April 22, 2026
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What the analyst said

Baird analyst Tristan Gerra raised the price target on Broadcom Limited (NASDAQ: AVGO) to $420 (from $300) while maintaining an Outperform rating.

“Broadcom’s AI revenue momentum and outlook keep building, with the company announcing an $11B order incremental to the $10B announced last quarter, from Anthropic (Broadcom’s fourth customer) for late 2026 delivery.

Broadcom also announced a fifth customer for XPUs. OpenAI-related revenue is expected to span throughout 2027-2029, with an assumption of low $20B in revenue per GW. Outperform-rated.”

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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 $352. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $420 target is 18% below the median.

Since the note AVGO has moved −13% (from $406). 12-month window: day 320 of 365, closes on December 12, 2026.

Track record

This call✓ Target reached on April 22, 2026, 4 months after the note.

Firm track recordBaird: 95% of its 21 targets at least a year old were reached within 12 months (#1 of 21 firms). Accuracy ranking →

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

Baird on Broadcom

Baird price targets on Broadcom

4 calls from September 5, 2025 to September 3, 2026. The target went from $300 to $630 (+110%). The rating stayed Buy.

Baird targetAVGO share price
  1. September 3, 2026Kept the $630 targetBuy$630
  2. March 5, 2026Target raised from $420 (+50%)Buy$630
  3. December 12, 2025 This noteTarget raised from $300 (+40%)Buy$420
  4. September 5, 2025Earliest call shownBuy$300
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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.