Rosenblatt Broadcom · AVGO

Rosenblatt Raises Broadcom Price Target to $450

Analyst: Hans Mosesmann 1 min read Reproduced verbatim
Rating
Buy
Target
$450
from $440 (+2%)
Outcome
Reached
on June 1, 2026
Rosenblatt and Broadcom logos

What the analyst said

Rosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $450 (from $440) while maintaining a Buy rating.

“Broadcom’s momentum is accelerating.

Management announced that the company’s AI backlog is $73B scheduled over the next 18 months. ~$20B of this backlog is for switches, DSPs lasers etc. ~$53B for XPUs.

Broadcom is moving toward a more strategic system level customer relationships including full racks for its 4th XPU customer, Anthropic.

Rack level sales includes more pass through costs and likely lower gross margin. This is not a major concern for us, as the system level sell will result in expanding operating margin.

We continue to appreciate Broadcom’s ability to offer customers not only world-class ASIC development but also world-class networks and other key components to full system solutions.

We continue recommending the AVGO shares and have increased our price target to $450.”

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 $352. 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 −13% (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 recordRosenblatt: 73% of its 15 targets at least a year old were reached within 12 months (#18 of 21 firms); on Broadcom, 2 of 2. Accuracy ranking →

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

Rosenblatt on Broadcom

Rosenblatt price targets on Broadcom

7 calls from June 6, 2025 to October 27, 2026. The target went from $340 to $600 (+76%). The rating stayed Buy.

Rosenblatt targetAVGO share price
  1. October 27, 2026Kept the $600 targetBuy$600
  2. September 3, 2026Target raised from $500 (+20%)Buy$600
  3. March 5, 2026Target raised from $450 (+11%)Buy$500
  4. December 12, 2025 This noteTarget raised from $440 (+2%)Buy$450
  5. December 9, 2025Target raised from $400 (+10%)Buy$440
  6. September 5, 2025Target raised from $340 (+18%)Buy$400
  7. June 6, 2025Earliest call shownBuy$340
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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 DA DavidsonBuy Upgraded, raised price target +14% Oct 27 $400from $350 KeyBancBuy Kept rating and price target Oct 27 $575maintained 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.