BMO Capital Initiates Broadcom at Outperform, $455 PT
BMO Capital analyst Harsh Kumar initiated coverage on Broadcom Limited (NASDAQ: AVGO) with an Outperform rating and a $455 price target on August 21, 2026.
“We are initiating on Broadcom at Outperform with a $455 target price. AVGO is a leading U.S. provider in AI computing and networking.
Its semiconductor portfolio features industry-leading custom ASIC (XPU), a technology the company has been developing for more than a decade.
AVGO’s customers are typically the world’s largest hyperscaler and digital platform operators at the forefront of technology and AI innovation serving hundreds of millions of users.
AVGO technology leadership secured marquee customers including Google, OpenAI, Anthropic and others.”
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