Mizuho Broadcom · AVGO

Mizuho Raises Broadcom Price Target to $450

Analyst: Vijay Rakesh 1 min read Reproduced verbatim
Rating
Outperform
Target
$450
from $435 (+3%)
Outcome
Reached
on June 1, 2026
Mizuho and Broadcom logos

What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $450 (from $435) while maintaining an Outperform rating.

“AVGO reported good OctQ results and guided JanQ better than consensus $17.5B to ~$19.1B, up 6% q/q.

Key points: 1) JanQ AI revenue guided to $8.2B, up ~26% q/ q, 2) Anthropic orders now at $21B (up from $10B prior) while fifth customer $1B PO announced; OAI now potentially Cust No.

6, 3) Stock is off in AH despite 18mo AI backlog at ~$73B modestly above some high expectations, but we see increasing BACKLOG as F26E AI Revs we est growing ~126% y/y and F27E delivering MORE UPSIDE as OAI 10GW deal ramps, and 4) current total backlog $162B (prior $110B) with AI at $73B, including Scale-up/Networking backlog at $20B.

AVGO is the FASTEST-growing AI XPU/networking supplier with F26E AI revs growing to >$45B (F25E: ~$20B). Reiterate Outperform, raise ests and PT to $450 as AVGO remains our TOP PICK.”

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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 $450 target is 13% 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 call✓ Target reached on June 1, 2026, 6 months after the note.

Firm track recordMizuho: 93% of its 61 targets at least a year old were reached within 12 months (#3 of 21 firms); on Broadcom, 11 of 11. Accuracy ranking →

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

Mizuho on Broadcom

Mizuho price targets on Broadcom

8 calls from September 5, 2025 to June 4, 2026. The target went from $355 to $530 (+49%). The rating stayed Buy.

Mizuho targetAVGO share price
  1. June 4, 2026Target raised from $480 (+10%)Buy$530
  2. April 17, 2026Target raised from $450 (+7%)Buy$480
  3. December 12, 2025 This noteTarget raised from $435 (+3%)Buy$450
  4. October 21, 2025Target raised from $430 (+1%)Buy$435
  5. October 13, 2025Target raised from $410 (+5%)Buy$430
  6. October 6, 2025Kept the $410 targetBuy$410
  7. September 11, 2025Target raised from $355 (+15%)Buy$410
  8. September 5, 2025Earliest call shownBuy$355
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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.