Wells Fargo Broadcom · AVGO

Wells Fargo Raises Broadcom Price Target to $410

Analyst: Aaron Rakers 1 min read Reproduced verbatim
Rating
Equal Weight
Target
$410
from $345 (+19%)
Outcome
Reached
on April 22, 2026
Wells Fargo and Broadcom logos

What the analyst said

Wells Fargo analyst Aaron Rakers raised the price target on Broadcom Limited (NASDAQ: AVGO) to $410 (from $345) while maintaining an Equal Weight rating.

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 $410 target is 20% 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 April 22, 2026, 4 months after the note.

Firm track recordWells Fargo: 67% of its 27 targets at least a year old were reached within 12 months (#19 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 →

Wells Fargo on Broadcom

Wells Fargo price targets on Broadcom

3 calls from December 12, 2025 to May 14, 2026. The target went from $410 to $545 (+33%). The rating moved from Hold to Buy.

Wells Fargo targetAVGO share price
  1. May 14, 2026Target raised from $430 (+27%)Buy$545
  2. January 15, 2026Upgraded to Buy, target raised from $410 (+5%)Buy$430
  3. December 12, 2025 This noteEarliest call shownHold$410
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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.