Mizuho Broadcom · AVGO

Mizuho Raises Broadcom Price Target to $530

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$530
from $480 (+10%)
Upside
+63%
AVGO at $326 today
Mizuho and Broadcom logos

What the analyst said

Mizuho analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $530.00 (from $480.00) while maintaining an Outperform rating.

“We would buy the pullback as AVGO reported in-line AprQ results and guided JulQ to $29.4B, up 33% q/q (above consensus $28.6B).

Key points: 1) JulQ AI revenue guided to $16B, up 48% q/q with visibility extending into 2028E, 2) XPU ramps strengthening with leading customers GOOGL, Anthropic, OpenAI, META, and others driving F27E AI revs >$100B (unchanged vs. prior) though we believe could have upside as new capacity is deployed, projecting >$110B, 3) AVGO continues to innovate the XPU roadmap, with future generation XPU potentially integrating CPU/SRAM with Panel Packaging, and 4) SW bookings strong as JulQ guided up 24% q/q with Agentic AI and VCF 9.1 traction.

Reiterate Outperform, Raise Ests/PT to $530 (prior $480), 25x C27E P/E, compelling vs peer avg. 26x, as AVGO remains the king of AI ASICs.”

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.

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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 $530 target is 3% above the median.

Since the note AVGO has moved −32% (from $479). 12-month window: day 150 of 365, closes on June 4, 2027.

Track record

This callOpen: AVGO has not reached $530 yet. This 12-month target is scored on June 4, 2027.

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 →

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

Mizuho on Broadcom

Mizuho price targets on Broadcom

8 calls from October 6, 2025 to August 21, 2026. The target went from $410 to $530 (+29%). The rating stayed Buy.

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