Wells Fargo upgraded Broadcom Inc. (NASDAQ:AVGO) to Overweight from Equal Weight on January 15. The firm set a price target of $430.
KeyBanc reiterated a Buy rating on Broadcom on January 12. It set a price target of $500.
Mizuho updated its rating on Broadcom on January 9. It lifted the price target to $480 from $450 while keeping an Outperform rating. The firm told investors it adjusted price targets in the semiconductors and semiconductor capital equipment group to reflect its 2026 outlook. Mizuho sees continued upside for the group in 2026, primarily due to "attractive valuations," but believes it will be more modest than 2025. Broadcom ranks among the firm's top picks for 2026. Mizuho considers AI accelerators, wafer fab equipment, Optical, and memory to be the top sectors for 2026. It is maintaining a cautious outlook on EVs, autos, and analog, along with computers and handsets.
Goldman Sachs analysts added Broadcom to their US Conviction List on January 5. They maintained a Buy rating with a $450 price target. The addition came as part of the firm's monthly update. Goldman Sachs stated that Broadcom's "dominant" position in enterprise networking silicon is expected to drive market share gains in customer silicon processors for major US hyperscalers.