Rosenblatt Raises Broadcom Price Target to $500
Rosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $500.00 while maintaining a Buy rating.
“Broadcom turned in an inline 1QF26 report with 2QF26 revenue guidance beating consensus by 10%. For us, the mic-drop moment was CEO Hock Tan saying their FY27 visibility has dramatically improved.
The company has line of sight to achieve AI chip revenue in excess of $100B. Importantly, management has secured the supply chain to achieve this. We are lifting our estimates and price target to $500.
We recommend owning AVGO shares for its clear leadership in AI ASICs and networking.”
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