Bernstein Broadcom · AVGO

Bernstein Raises Broadcom Price Target to $475

Analyst: Stacy Rasgon 1 min read Reproduced verbatim
Rating
Outperform
Target
$475
from $400 (+19%)
Outcome
Reached
on June 2, 2026
Bernstein and Broadcom logos

What the analyst said

Bernstein SocGen Group analyst Stacy Rasgon raised the price target on Broadcom Limited (NASDAQ: AVGO) to $475 (from $400) while maintaining an Outperform rating.

“Broadcom’s FQ425 earnings were good, above on revenues and EPS ($18.0B/$1.95 vs the Street $17.5B/$1.87) with semis and software both better than expected (semis $11.07B vs Street $10.74B, software $6.94B vs Street $6.72B).

Strength was driven by AI semis, which were ~$6.5B in the quarter and up 74% YoY, above expectations.

Non-AI semis were up YoY and QoQ given favorable Wireless seasonality and Broadband recovery, though offset by declines in all other segments as recovery remains limited.

Gross margins at 77.9% were down ~50bps QoQ and slightly above expectations; Opex was roughly inline.”

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 $345. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $475 target is 8% 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 2, 2026, 6 months after the note.

Firm track recordBernstein: 80% of its 20 targets at least a year old were reached within 12 months (#16 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 →

Bernstein on Broadcom

Bernstein price targets on Broadcom

8 calls from March 7, 2025 to April 15, 2026. The target went from $250 to $525 (+110%). The rating stayed Buy.

Bernstein targetAVGO share price
  1. April 15, 2026Kept the $525 targetBuy$525
  2. March 6, 2026Target raised from $475 (+11%)Buy$525
  3. December 12, 2025 This noteTarget raised from $400 (+19%)Buy$475
  4. October 14, 2025Kept the $400 targetBuy$400
  5. October 8, 2025Kept the $400 targetBuy$400
  6. September 5, 2025Target raised from $295 (+36%)Buy$400
  7. June 6, 2025Target raised from $250 (+18%)Buy$295
  8. March 7, 2025Earliest call shownBuy$250
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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.