Truist Broadcom · AVGO

Truist Securities Raises Broadcom Price Target to $550

Analyst: William Stein 1 min read Reproduced verbatim
Rating
Buy
Target
$550
from $545 (+1%)
Upside
+87%
AVGO at $294 today
Truist and Broadcom logos

What the analyst said

Truist Securities analyst William Stein raised the price target on Broadcom Limited (NASDAQ: AVGO) to $550.00 (from $545.00) while maintaining a Buy rating.

“We encourage investors to look through the noise. AVGO delivered a good, but neither stellar nor completely “clean” CQ1 result / CQ2 outlook.

AVGO missed on Software (again) and offered an AI revenue outlook that wasn’t as much of an uptick as investors hoped for.

We believe the key issue is timing: in software, the outlook was significantly higher (driven by AI agents!) and while it didn’t explicitly raise its AI semi outlook, it does appear that the backlog is improving and supporting sustained growth.

We take our CY27 EPS to $22.35 (from $20.88) and PT to $550 (from $545) based on 24.5x (5.5x discount to DC peers). Buy AVGO for AI growth with duration.”

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 $294. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $550 target is 7% above the median.

Since the note AVGO has moved −39% (from $479). 12-month window: day 157 of 365, closes on June 4, 2027.

Track record

This callOpen: AVGO has not reached $550 yet. This 12-month target is scored on June 4, 2027.

Firm track recordTruist: 79% of its 28 targets at least a year old were reached within 12 months (#16 of 26 firms); on Broadcom, 3 of 3. Accuracy ranking →

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

Truist on Broadcom

Truist price targets on Broadcom

8 calls from March 7, 2025 to September 3, 2026. The target went from $267 to $520 (+95%). The rating stayed Buy.

Truist targetAVGO share price
  1. September 3, 2026Target cut from $550 (−5%)Buy$520
  2. June 4, 2026 This noteTarget raised from $510 (+8%)Buy$550
  3. March 4, 2026Kept the $510 targetBuy$510
  4. December 19, 2025Target raised from $500 (+2%)Buy$510
  5. December 12, 2025Target raised from $365 (+37%)Buy$500
  6. September 5, 2025Target raised from $295 (+24%)Buy$365
  7. June 6, 2025Target raised from $267 (+10%)Buy$295
  8. March 7, 2025Earliest call shownBuy$267
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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.