KeyBanc Broadcom · AVGO

KeyBanc Raises Broadcom Price Target to $500

Analyst: John Vinh 1 min read Reproduced verbatim
Rating
Overweight
Target
$500
from $460 (+9%)
Upside
+44%
AVGO at $346 today
KeyBanc and Broadcom logos

What the analyst said

KeyBanc analyst John Vinh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $500 (from $460) while maintaining an Overweight rating.

“AVGO reported strong F4Q (Oct) results and F1Q (Jan) guidance, which exceeded expectations.

Upside was driven by AI, as F4Q AI revs were $6.5B (+74% y/y), while F1Q AI revs are expected to double y/y to $8.2B.

Further, AVGO received an additional $11B order from Anthropic (4th XPU cust) to ship in late ’26 on top of the $10B initial order.

AVGO also announced its fifth XPU cust with a $1B order for late ’26, who is not OpenAI (we think it’s likely AWS).

Finally, mgmt sees FY26 AI revs doubling to $40B. We’re encouraged by these strong results and are raising estimates and our PT to $500.”

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 $346. 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 320 of 365, closes on December 12, 2026.

Track record

This callOpen: a 12-month target, scored on December 12, 2026, a year after the note.

Firm track recordKeyBanc: 80% 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 →

KeyBanc on Broadcom

KeyBanc price targets on Broadcom

8 calls from March 7, 2025 to October 27, 2026. The target went from $275 to $575 (+109%). The rating stayed Buy.

KeyBanc targetAVGO share price
  1. October 27, 2026Kept the $575 targetBuy$575
  2. June 4, 2026Target raised from $500 (+15%)Buy$575
  3. December 12, 2025 This noteTarget raised from $420 (+19%)Buy$500
  4. October 6, 2025Kept the $420 targetBuy$420
  5. September 30, 2025Target raised from $330 (+27%)Buy$420
  6. July 8, 2025Target raised from $315 (+5%)Buy$330
  7. June 6, 2025Target raised from $275 (+15%)Buy$315
  8. March 7, 2025Earliest call shownBuy$275
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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 UBSBuy Kept rating and price target Oct 2 $470maintained
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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.