RBC Capital Raises Broadcom Price Target to $360
RBC Capital analyst Srini Pajjuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $360.00 (from $340.00) while maintaining a Sector Perform rating.
“AVGO’s F2Q26 outlook was solid and FY27 commentary was even more bullish. Gross margin tone also changed for the better.
AVGO has a solid execution track record, and we have little reason to question management’s visibility.
At the same time, the 10GW expectation for FY27 (~3GW in FY26) implies a steep ramp and could run into power/data center constraints.
In addition, key customers Anthropic/META/OpenAI have equity-incentivized supply agreements with NVDA/AMD, which could take priority over AVGO’s ramps.
Valuation is at a premium even as our EPS goes up materially. We raise PT to $360 and maintain Sector Perform.”
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