StoneX Broadcom · AVGO

Benchmark Reiterates Buy on Broadcom, $485 Price Target

Analyst: Cody Acree 1 min read Reproduced verbatim Published as The Benchmark Company, now part of StoneX
Rating
Buy
Unchanged
Target
$485
Unchanged
Upside
+51%
AVGO at $322 today
StoneX and Broadcom logos

What the analyst said

Benchmark analyst Cody Acree reiterated a Buy rating and $485.00 price target on Broadcom Limited (NASDAQ: AVGO).

“META & AVGO Extend AI Engagement to ’29; >1GW Deployment Increases Confidence in Exceeding Prior FY27 AI Tgt; Reiterate Buy & $485 PT.

Today’s announcement materially increases our confidence that Broadcom can exceed its prior target of significantly more than $100B of AI semiconductor revenue in FY27, as it adds formal duration and deployment visibility to one of the company’s largest custom XPU programs…That increased confidence builds on management’s last-quarter commentary that the custom XPU franchise now spans six customers, with further upside expected from Google’s next-generation TPU roadmap, Meta’s MTIA roadmap remaining “alive and well,” Anthropic ramping from 1GW this year to more than 3GW in 2027, and OpenAI expected to deploy its first-generation XPU in 2027 at more than 1GW of compute capacity.”

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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 $322. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $485 target is 6% below the median.

Since the note AVGO has moved −15% (from $381). 12-month window: day 202 of 365, closes on April 15, 2027.

Track record

This callOpen: AVGO has not reached $485 yet. This 12-month target is scored on April 15, 2027.

Firm track recordStoneX: 70% of its 23 targets at least a year old were reached within 12 months (#19 of 26 firms); on Broadcom, 3 of 3. Accuracy ranking →

StoneX on Broadcom

StoneX price targets on Broadcom

8 calls from March 7, 2025 to October 27, 2026. The target went from $255 to $545 (+114%). The rating stayed Buy.

StoneX targetAVGO share price
  1. October 27, 2026Kept the $545 targetBuy$545
  2. September 3, 2026Kept the $545 targetBuy$545
  3. June 4, 2026Target raised from $485 (+12%)Buy$545
  4. April 15, 2026 This noteKept the $485 targetBuy$485
  5. December 12, 2025Target raised from $385 (+26%)Buy$485
  6. September 5, 2025Target raised from $315 (+22%)Buy$385
  7. June 6, 2025Target raised from $255 (+24%)Buy$315
  8. March 7, 2025Earliest call shownBuy$255
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Other analysts on Broadcom

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 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.