Mizuho Reiterates Outperform on Broadcom, $530 PT
Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $530 price target on Broadcom Limited (NASDAQ: AVGO) on August 21, 2026.
“We outline key investor questions for management ahead of AVGO earnings on September 2 after market close.
We continue to see AVGO having the full technology capability to deliver to the massive GOOGL TPU deployment ambitions across multiple TPU/XPU generations, with ASIC/SerDes/Advanced Packaging leadership, but we believe GOOGL may also be looking for a lower-cost TPU partner, potentially diversifying to new untested partners, but could have risks.
Reiterate AVGO Outperform, $530PT.”
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