DA Davidson Broadcom · AVGO

DA Davidson Upgrades Broadcom to Buy, $400 Price Target

Analyst: Gil Luria 1 min read Reproduced verbatim
Rating
Buy
from Neutral
Target
$400
from $350 (+14%)
Upside
+17%
AVGO at $342 today
DA Davidson and Broadcom logos

What the analyst said

DA Davidson analyst Gil Luria upgraded Broadcom Limited (NASDAQ: AVGO) from Neutral to Buy with a price target of $400 (from $350).

“Our reading of the Anthropic S1 leads us to believe the IPO will proceed, Anthropic will raise its capital, and next year OpenAI will raise more capital in its own IPO, allowing Broadcom to meet its expectations for the next couple of years.

At the current 16x multiple on 2027 EPS, AVGO is trading as if the chances of that happening are near zero, which creates significant upside if those deals both materialize.

We are upgrading shares to BUY from Neutral and raising our target to $400 from $350.”

Disclaimer
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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 $342. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $400 target is 22% below the median, the lowest on the Street.

12-month window: day 0 of 365, closes on October 27, 2027.

Track record

This callOpen: a 12-month target, scored on October 27, 2027, a year after the note.

Firm track recordDA Davidson: 90% of its 10 targets at least a year old were reached within 12 months. Accuracy ranking →

DA Davidson on Broadcom

DA Davidson price targets on Broadcom

5 calls from February 12, 2026 to October 27, 2026. The target went from $335 to $400 (+19%). The rating moved from Hold to Buy.

DA Davidson targetAVGO share price
  1. October 27, 2026 This noteUpgraded to Buy, target raised from $350 (+14%)Buy$400
  2. September 4, 2026Target cut from $400 (−13%)Hold$350
  3. June 4, 2026Target raised from $375 (+7%)Hold$400
  4. March 6, 2026Target raised from $335 (+12%)Hold$375
  5. February 12, 2026Earliest call shownHold$335
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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 KeyBancBuy Kept rating and price target Oct 27 $575maintained UBSBuy Kept rating and price target Oct 2 $470maintained
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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.