The post Analysts set Broadcom (AVGO) price target appeared on BitcoinEthereumNews.com. Broadcom (NASDAQ: AVGO) looks set up to end the week on a positive note, rising nearly 3% on Friday, December 5, after a number of analysts have revised their price targets on the semiconductor leader ahead of the earnings report scheduled for next week. Most notably, Oppenheimer adjusted its AVGO price target from $400 to $435 earlier today, with analyst Rick Schafer maintaining his “Outperform” rating. Expectedly, the firm sees further upside driven by artificial intelligence (AI) and networking, with a special emphasis on Tomahawk 6 chip volumes expected to go up next year. Yesterday, December 4, Susquehanna raised its own Broadcom price forecast from $400 to $450, with analyst Christopher Rolland reiterating a “Positive” rating. Providing context for the new figure, Susquehanna highlighted Broadcom’s new deal with OpenAI to provide 10 gigawatts of AI racks. Morgan Stanley likewise lifted Broadcom’s price target to $443 from $409 and stuck to its “Overweight” rating on December 1. Highly bullish on the stock, the firm argues the chipmaker’s AI processor revenues will outpace even Nvidia (NASDAQ: NVDA) in 2026.  The firm notes that customers’ biggest concern over the next 12 months will be Nvidia product availability, particularly Vera Rubin, but it added that Broadcom has become a central player in global AI infrastructure, especially thanks to its custom accelerators (XPUs) and Ethernet networking solutions. On the same day, Bank of America (BofA) doubled down its “Buy” rating with a new AVGO price target of $460. The bank cited increasing Tensor Processing Units (TPU) leverage, which it argues has a lot of room to run in 2026/2027. Meanwhile, UBS’s Timothy Arcuri lifted his estimates to $472, also calling the stock a “Buy.”  With all the recent adjustments, the average Broadcom price target for the next 12 months sits at $425.13, implying an 8.63%… The post Analysts set Broadcom (AVGO) price target appeared on BitcoinEthereumNews.com. Broadcom (NASDAQ: AVGO) looks set up to end the week on a positive note, rising nearly 3% on Friday, December 5, after a number of analysts have revised their price targets on the semiconductor leader ahead of the earnings report scheduled for next week. Most notably, Oppenheimer adjusted its AVGO price target from $400 to $435 earlier today, with analyst Rick Schafer maintaining his “Outperform” rating. Expectedly, the firm sees further upside driven by artificial intelligence (AI) and networking, with a special emphasis on Tomahawk 6 chip volumes expected to go up next year. Yesterday, December 4, Susquehanna raised its own Broadcom price forecast from $400 to $450, with analyst Christopher Rolland reiterating a “Positive” rating. Providing context for the new figure, Susquehanna highlighted Broadcom’s new deal with OpenAI to provide 10 gigawatts of AI racks. Morgan Stanley likewise lifted Broadcom’s price target to $443 from $409 and stuck to its “Overweight” rating on December 1. Highly bullish on the stock, the firm argues the chipmaker’s AI processor revenues will outpace even Nvidia (NASDAQ: NVDA) in 2026.  The firm notes that customers’ biggest concern over the next 12 months will be Nvidia product availability, particularly Vera Rubin, but it added that Broadcom has become a central player in global AI infrastructure, especially thanks to its custom accelerators (XPUs) and Ethernet networking solutions. On the same day, Bank of America (BofA) doubled down its “Buy” rating with a new AVGO price target of $460. The bank cited increasing Tensor Processing Units (TPU) leverage, which it argues has a lot of room to run in 2026/2027. Meanwhile, UBS’s Timothy Arcuri lifted his estimates to $472, also calling the stock a “Buy.”  With all the recent adjustments, the average Broadcom price target for the next 12 months sits at $425.13, implying an 8.63%…