Oppenheimer Broadcom · AVGO

Oppenheimer Raises Broadcom Price Target to $535

Analyst: Rick Schafer 1 min read Reproduced verbatim
Rating
Outperform
Target
$535
from $450 (+19%)
Upside
+84%
AVGO at $292 today
Oppenheimer and Broadcom logos

What the analyst said

Oppenheimer analyst Rick Schafer raised the price target on Broadcom Limited (NASDAQ: AVGO) to $535.00 (from $450.00) while maintaining an Outperform rating.

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 $292. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $535 target is 4% above the median.

Since the note AVGO has moved −39% (from $479). 12-month window: day 154 of 365, closes on June 4, 2027.

Track record

This callOpen: AVGO has not reached $535 yet. This 12-month target is scored on June 4, 2027.

Firm track recordOppenheimer: 64% of its 14 targets at least a year old were reached within 12 months; on Broadcom, 4 of 4. Accuracy ranking →

Earnings reactionOne of 23 notes after Broadcom’s Jun 3 results: 15 raised · 1 cut · 5 kept. See every call →

Oppenheimer on Broadcom

Oppenheimer price targets on Broadcom

8 calls from June 13, 2025 to June 4, 2026. The target went from $265 to $535 (+102%). The rating stayed Buy.

Oppenheimer targetAVGO share price
  1. June 4, 2026 This noteTarget raised from $450 (+19%)Buy$535
  2. December 12, 2025Target raised from $435 (+3%)Buy$450
  3. December 5, 2025Target raised from $360 (+21%)Buy$435
  4. October 14, 2025Kept the $360 targetBuy$360
  5. September 5, 2025Target raised from $325 (+11%)Buy$360
  6. August 28, 2025Target raised from $305 (+7%)Buy$325
  7. July 15, 2025Target raised from $265 (+15%)Buy$305
  8. June 13, 2025Earliest call shownBuy$265
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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.