Barclays Broadcom · AVGO

Barclays Reiterates Overweight on Broadcom, $500 Price Target

Analyst: Tom O'Malley 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$500
from $450 (+11%)
Upside
+45%
AVGO at $345 today
Barclays and Broadcom logos

What the analyst said

Barclays analyst Tom O’Malley reiterated an Overweight rating and $500 price target on Broadcom Limited (NASDAQ: AVGO).

“NVDA guided out year revenue for the first time and AVGO chose to take it a step further with a first look at FY28.”

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 $345. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $500 target is 3% below the median.

Since the note AVGO has moved −6% (from $367). 12-month window: day 56 of 365, closes on September 3, 2027.

Track record

This callOpen: AVGO has not reached $500 yet. This 12-month target is scored on September 3, 2027.

Firm track recordBarclays: 83% of its 36 targets at least a year old were reached within 12 months (#14 of 21 firms); on Broadcom, 5 of 5. Accuracy ranking →

Earnings reactionOne of 18 notes after Broadcom’s Sep 2 results: 7 raised · 5 cut · 5 kept. See every call →

Barclays on Broadcom

Barclays price targets on Broadcom

6 calls from January 17, 2025 to September 3, 2026. The target went from $260 to $500 (+92%). The rating stayed Buy.

Barclays targetAVGO share price
  1. September 3, 2026 This noteTarget raised from $450 (+11%)Buy$500
  2. October 14, 2025Target raised from $400 (+13%)Buy$450
  3. September 5, 2025Target raised from $265 (+51%)Buy$400
  4. June 9, 2025Target raised from $215 (+23%)Buy$265
  5. April 22, 2025Target cut from $260 (−17%)Buy$215
  6. January 17, 2025Earliest call shownBuy$260
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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.