Truist Broadcom · AVGO

Truist Securities Reiterates Buy on Broadcom, $510 Price Target

Analyst: William Stein 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$510
Unchanged
Upside
+74%
AVGO at $294 today
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What the analyst said

Truist Securities analyst William Stein reiterated a Buy rating and $510.00 price target on Broadcom Limited (NASDAQ: AVGO).

“CQ4 (Jan) beat: Revs beat: $19,311m, 0.3% above consensus of $19,256m. Semis beat consensus by 0.9%. Importantly, AI semi revenue was $8.4B, 2.4% above our model of $8.2B.

Software missed consensus by 2.8%. GPM inline: 77.0%, matched consensus. OPM beat: 66.4%, 70bps above (unguided) consensus of 65.7%.

EBITDA beat: $13,128m, 68%/revs, 2.9% above consensus of $12,755m and 100bps above guidance of 67%/revs. EPS beat: $2.05, 2c above (unguided) consensus of $2.03.

Inventory: Inventory increased ~9 days q/q to ~60 days. This is above the typical seasonal decline of ~1 day.

CQ1 (Apr) guidance well above consensus: Revs beat: Revenue guidance of $22,000m was 7.3% above consensus of $20,503m.

Importantly, AVGO noted that AI semi revenue will be $10.7B in CQ1, 11.5% above our model of $9.6B.”

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 $294. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $510 target is 1% below the median.

Since the note AVGO has moved −6% (from $314). 12-month window: day 249 of 365, closes on March 4, 2027.

Track record

This callOpen: AVGO has not reached $510 yet. This 12-month target is scored on March 4, 2027.

Firm track recordTruist: 79% of its 28 targets at least a year old were reached within 12 months (#16 of 26 firms); on Broadcom, 3 of 3. Accuracy ranking →

Truist on Broadcom

Truist price targets on Broadcom

8 calls from March 7, 2025 to September 3, 2026. The target went from $267 to $520 (+95%). The rating stayed Buy.

Truist targetAVGO share price
  1. September 3, 2026Target cut from $550 (−5%)Buy$520
  2. June 4, 2026Target raised from $510 (+8%)Buy$550
  3. March 4, 2026 This noteKept the $510 targetBuy$510
  4. December 19, 2025Target raised from $500 (+2%)Buy$510
  5. December 12, 2025Target raised from $365 (+37%)Buy$500
  6. September 5, 2025Target raised from $295 (+24%)Buy$365
  7. June 6, 2025Target raised from $267 (+10%)Buy$295
  8. March 7, 2025Earliest call shownBuy$267
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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.