Broadcom (NASDAQ:AVGO) Price Target Raised to $530.00

Posted by Francis Steltz on Jun 4th, 2026

Broadcom (NASDAQ:AVGO – Get Free Report) had its target price hoisted by analysts at Mizuho from $480.00 to $530.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the semiconductor manufacturer’s stock. Mizuho’s price target indicates a potential upside of 25.04% from the company’s current price.

A number of other equities analysts also recently issued reports on AVGO. UBS Group set a $485.00 price target on Broadcom in a research note on Thursday. Seaport Research Partners reiterated a “neutral” rating on shares of Broadcom in a research report on Wednesday, April 8th. Erste Group Bank downgraded Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. TD Cowen reiterated a “buy” rating and set a $500.00 target price on shares of Broadcom in a research report on Thursday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $500.00 target price on shares of Broadcom in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Broadcom presently has an average rating of “Moderate Buy” and an average price target of $490.13.

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Broadcom Stock Performance

Shares of AVGO stock traded down $55.35 on Thursday, reaching $423.88. The stock had a trading volume of 58,054,140 shares, compared to its average volume of 25,086,932. The stock has a market cap of $2.01 trillion, a P/E ratio of 83.05, a price-to-earnings-growth ratio of 0.99 and a beta of 1.41. Broadcom has a 1 year low of $241.11 and a 1 year high of $495.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90. The company has a 50 day simple moving average of $392.87 and a 200 day simple moving average of $361.19.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.04. The firm had revenue of $22.19 billion for the quarter, compared to the consensus estimate of $22.13 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. Equities research analysts expect that Broadcom will post 9.91 EPS for the current year.

Insiders Place Their Bets

In related news, insider S. Ram Velaga sold 38,841 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares of the company’s stock, valued at approximately $30,920,875.20. The trade was a 28.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charlie B. Kawwas sold 39,116 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $321.61, for a total value of $12,580,096.76. Following the completion of the transaction, the insider directly owned 74,626 shares in the company, valued at approximately $24,000,467.86. This represents a 34.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 324,282 shares of company stock valued at $106,425,249 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. ROSS JOHNSON & Associates LLC lifted its position in shares of Broadcom by 1,320.0% in the fourth quarter. ROSS JOHNSON & Associates LLC now owns 71 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. SWAN Capital LLC lifted its position in shares of Broadcom by 261.9% in the fourth quarter. SWAN Capital LLC now owns 76 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Networth Advisors LLC lifted its position in shares of Broadcom by 546.2% in the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Miller Global Investments LLC bought a new position in shares of Broadcom during the 4th quarter valued at approximately $31,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of Broadcom during the 4th quarter valued at approximately $33,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

Positive Sentiment: Broadcom beat fiscal Q2 earnings estimates and posted record revenue of $22.2 billion, with AI semiconductor revenue jumping sharply year over year, underscoring continued demand for its custom AI chips and networking products.
Positive Sentiment: The company issued a strong fiscal Q3 revenue guide of about $29.4 billion, above Wall Street expectations, suggesting the core business and AI demand remain healthy.
Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, Deutsche Bank, Benchmark, Truist, and others, signaling continued long-term confidence in Broadcom’s AI infrastructure opportunity.
Neutral Sentiment: Broadcom also declared a quarterly dividend of $0.65 per share, reinforcing its shareholder-return profile but not likely to drive near-term trading.
Negative Sentiment: Despite the beat, the stock sold off because AI guidance came in below the market’s most aggressive forecasts, leading investors to worry that expectations for Broadcom’s AI ramp had become too stretched.
Negative Sentiment: The weaker reaction has also dragged down other semiconductor names, as traders reassess whether the AI spending boom is entering a more “rational” phase.

About Broadcom

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Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.