Mizuho Broadcom · AVGO

Mizuho Reiterates Outperform on Broadcom, $480 Price Target

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$480
from $450 (+7%)
Outcome
Reached
on June 2, 2026
Mizuho and Broadcom logos

What the analyst said

Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $480.00 price target on Broadcom Limited (NASDAQ: AVGO).

“We hosted CEO Hock Tan, CFO Kirsten Spears, and Head of IR Ji Yoo for a call with investors.

Key points: 1) An accelerating ASIC Pipeline with i) TPUs, ii) Anthropic, iii) MTIA and iv) OAI over generations and multi-GW deployments driving UPSIDE, 2) 3.5GW Anthropic deal starting C27E, we believe only TPU v8, with potentially further upside as subsequent TPU generations ramp, driving follow-on deals with cons.

Anthropic ARR >$100B by 2026E-end (~10x y/y), 3) AI networking with copper strong potentially into 3.2T/6.4T for short reach NVL72 racks as AVGO works with 400G/800G SerDes, while we see hybrid growth continuing with Copper-Optical short/long reach interconnects (+vE CRDO/LITE), and 4) Infra SW-VMware potentially stable at HSD-10% y/y growth over LT at ~80% OM, supporting strong >$54B/yr FCF.

Reiterate Outperform, PT $480.”

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 $326. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $480 target is 7% below the median.

Since the note AVGO has moved −18% (from $398). 12-month window: day 198 of 365, closes on April 17, 2027.

Track record

This call✓ Target reached on June 2, 2026, 2 months after the note.

Firm track recordMizuho: 93% of its 61 targets at least a year old were reached within 12 months (#2 of 21 firms); on Broadcom, 11 of 11. Accuracy ranking →

Mizuho on Broadcom

Mizuho price targets on Broadcom

8 calls from September 11, 2025 to June 8, 2026. The target went from $410 to $530 (+29%). The rating stayed Buy.

Mizuho targetAVGO share price
  1. June 8, 2026Kept the $530 targetBuy$530
  2. June 4, 2026Target raised from $480 (+10%)Buy$530
  3. April 17, 2026 This noteTarget raised from $450 (+7%)Buy$480
  4. December 12, 2025Target raised from $435 (+3%)Buy$450
  5. October 21, 2025Target raised from $430 (+1%)Buy$435
  6. October 13, 2025Target raised from $410 (+5%)Buy$430
  7. October 6, 2025Kept the $410 targetBuy$410
  8. September 11, 2025Earliest call shownBuy$410
Share

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
Share on
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.