Benchmark Reiterates Buy Rating on Broadcom Limited (AVGO)

Benchmark analyst Cody Acree reiterated a Buy rating and $485.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst commented, "Following the disappointing market reception of Nvidia’s stronger than projected results and outlook, the Street was poised for Broadcom’s shares to react with similar lethargy. However, Broadcom stock rose about 5% after-hours following a largely in-line 1Q26 print, with investors most notably impressed by the company’s much higher 2Q outlook and its forecast for its AI revenue to grow to significantly more than $100 billion next year, with Broadcom also pointing to supply commitments that extend through CY28. While the market’s central concern remains whether hyperscaler/LLM capex can be sustained without a near-term “ROI pause,” particularly as inference monetization models evolve and cloud customers juggle competing infrastructure priorities. Conversely, against this backdrop management leaned heavily into its much-improved multi-year visibility—framing demand as increasingly driven by a small but expanding set of now six core platform customers, who are scaling both training and inference—with Broadcom offering an unusually explicit path with AI silicon revenue accelerating through ‘26, ‘27, ‘28 and beyond."

For an analyst ratings summary and ratings history on Broadcom Limited click here. For more ratings news on Broadcom Limited click here.

Shares of Broadcom Limited closed at $317.53 yesterday.

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