Oppenheimer Broadcom · AVGO

Oppenheimer Raises Broadcom Price Target to $450

Analyst: Rick Schafer 1 min read Reproduced verbatim
Rating
Outperform
Target
$450
from $435 (+3%)
Outcome
Reached
on June 1, 2026
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What the analyst said

Oppenheimer analyst Rick Schafer raised the price target on Broadcom Limited (NASDAQ: AVGO) to $450 (from $435) while maintaining an Outperform 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 $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 recordOppenheimer: 88% of its 8 targets at least a year old were reached within 12 months; on Broadcom, 4 of 4. Accuracy ranking →

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

Oppenheimer on Broadcom

Oppenheimer price targets on Broadcom

8 calls from June 13, 2025 to June 4, 2026. The target went from $265 to $535 (+102%). The rating stayed Buy.

Oppenheimer targetAVGO share price
  1. June 4, 2026Target raised from $450 (+19%)Buy$535
  2. December 12, 2025 This noteTarget raised from $435 (+3%)Buy$450
  3. December 5, 2025Target raised from $360 (+21%)Buy$435
  4. October 14, 2025Kept the $360 targetBuy$360
  5. September 5, 2025Target raised from $325 (+11%)Buy$360
  6. August 28, 2025Target raised from $305 (+7%)Buy$325
  7. July 15, 2025Target raised from $265 (+15%)Buy$305
  8. June 13, 2025Earliest call shownBuy$265
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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.