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Analysts stay upbeat on Broadcom despite post-earnings dip
Broadcom fell 2.7% the day after its latest earnings, but the MarketBeat consensus target is about $505, implying roughly 36% upside from recent levels.
Broadcom shares slipped after the company’s latest earnings, with the stock down 2.7% the day after results. Despite that early pullback, analyst coverage remained constructive, and aggregated price targets moved higher following the report, even as some firms cut targets or ratings.
MarketBeat said its consensus price target sits around $505, which it calculates as about 36% upside from recent trading levels. The article also notes that many analysts expect Broadcom to move above its previous all-time high closing price.
Two firms highlighted as particularly upbeat were Rosenblatt Securities and Cantor Fitzgerald. Rosenblatt raised its target by 20%, from $500 to $600, while Cantor Fitzgerald lifted its target by more than 14%, from $525 to $600, indicating potential upside of more than 60%.
Cantor Fitzgerald cited investor concerns about the macroeconomic outlook and the possibility that rising AI-related debt could weigh on future AI spending. The firm also pointed to potential growth acceleration in 2028, referencing Broadcom’s AI semiconductor revenue guidance of $58 billion for fiscal 2026, about $115 billion for fiscal 2027, and $230 billion for fiscal 2028. The article adds that Broadcom’s growth is currently described as supply-constrained.