Wolfe Research Reiterates Outperform on Broadcom, $500 Price Target

Wolfe Research analyst Chris Caso reiterated an Outperform rating and $500.00 price target on Broadcom Limited (NASDAQ: AVGO).

“AVGO beat F2/F3Q revenue but maintained FY27 AI semis guidance of >$100bn. Non-AI semis & Software continue to exhibit strength.

We model ~$130bn AI semis revenue in FY27, driven by diverse AI semis strength, and see a path to ~ $25 bull case EPS. Reit OP, $500 PT.”

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