Broadcom (NASDAQ:AVGO) Earns Buy Rating from Rosenblatt Securities

Broadcom (NASDAQ:AVGO)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They currently have a $600.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s price target indicates a potential upside of 73.67% from the company’s current price.

Other equities analysts have also issued research reports about the company. Tigress Financial initiated coverage on Broadcom in a research note on Thursday, October 22nd. They set a “buy” rating and a $600.00 price objective on the stock. Bank of America cut their price objective on Broadcom from $530.00 to $460.00 and set a “buy” rating on the stock in a report on Thursday, September 3rd. BMO Capital Markets upped their price target on Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Lake Street Capital raised Broadcom to a “buy” rating in a research report on Thursday, September 3rd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and a consensus price target of $530.52.

Broadcom Trading Up 0.9%

Shares of NASDAQ:AVGO traded up $3.14 during trading on Tuesday, hitting $345.47. The stock had a trading volume of 5,155,832 shares, compared to its average volume of 24,759,463. Broadcom has a 12-month low of $289.96 and a 12-month high of $495.00. The stock has a 50-day simple moving average of $354.48 and a two-hundred day simple moving average of $366.99.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the business earned $1.69 earnings per share. The firm’s revenue was up 85.5% on a year-over-year basis. Equities analysts predict that Broadcom will post 10.37 EPS for the current year.

Hedge Funds Weigh In On Broadcom

A number of large investors have recently modified their holdings of the business. Willner & Heller LLC grew its stake in Broadcom by 1.2% during the third quarter. Willner & Heller LLC now owns 6,141 shares of the semiconductor manufacturer’s stock worth $2,157,000 after buying an additional 71 shares during the last quarter. Interchange Capital Partners LLC increased its position in shares of Broadcom by 7.6% during the third quarter. Interchange Capital Partners LLC now owns 17,066 shares of the semiconductor manufacturer’s stock worth $6,003,000 after acquiring an additional 1,205 shares in the last quarter. Fonville Wealth Management LLC increased its position in shares of Broadcom by 32.4% during the third quarter. Fonville Wealth Management LLC now owns 1,602 shares of the semiconductor manufacturer’s stock worth $563,000 after acquiring an additional 392 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its position in Broadcom by 25.5% in the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 2,327 shares of the semiconductor manufacturer’s stock valued at $817,000 after purchasing an additional 473 shares in the last quarter. Finally, Values Added Financial LLC grew its position in Broadcom by 3.8% in the third quarter. Values Added Financial LLC now owns 2,851 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 105 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: A financing vehicle backed by Bank of America, Blackstone, Citigroup and Morgan Stanley could provide up to $63 billion to purchase and lease Broadcom AI accelerators and networking equipment to Anthropic. The arrangement strengthens revenue visibility and validates institutional demand for Broadcom’s AI infrastructure. Broadcom Anthropic financing article
• Positive Sentiment: Truist estimates the Anthropic arrangement could generate as much as $30 billion in revenue for Broadcom, while separate reports suggest an AI-rack lease backstop could reach $43 billion. The figures highlight potential upside for custom processors and networking products, although the amounts are not guaranteed sales. Truist Broadcom revenue estimate
• Positive Sentiment: D.A. Davidson upgraded AVGO to Buy and lifted its target to $400, while Rosenblatt reaffirmed Buy with a $600 target. Analysts cited sustained AI spending and Broadcom’s close connection to Anthropic’s expected IPO. D.A. Davidson upgrade article
• Positive Sentiment: Anthropic’s IPO filing disclosed more than $220 billion of non-cancelable compute commitments with Amazon and Alphabet. That supports the broader AI hardware cycle and could benefit Broadcom as a supplier of custom ASICs and networking technology. Anthropic IPO infrastructure article
• Neutral Sentiment: Fitch affirmed Broadcom’s A- rating with a positive outlook, citing strong cash generation and leverage below its upgrade threshold. However, the rating also acknowledges increasingly complex off-balance-sheet financing exposure. Fitch Broadcom rating article
• Negative Sentiment: Investors remain concerned that AI growth is accompanied by margin pressure, supply constraints and heavy customer concentration. Banks reportedly hesitated before committing to the Anthropic financing, underscoring risks tied to credit quality, guarantees and the sustainability of AI infrastructure spending. Broadcom AI risk article

Broadcom Company Profile

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.

The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.