Broadcom Limited (AVGO) PT Raised to $415 at UBS

UBS analyst Timothy Arcuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $415.00 (from $365.00) while maintaining a Buy rating.

The analyst comments: "Following the OpenAI announcement this morning, we are adding more granularity to our model and increasing estimates as we flow this - and other supply chain checks - through our model. Even after our adjustments, it still looks to us that Street EPS has caught up to what we think is a ~$10 reality for C2026 (though we think there is a little upside to revenue). While not a great setup on the surface, these mega-scale deployments look to us to be very back end loaded (simply due to the time it takes to bring up this much infrastructure) so we believe the market may naturally look out here a bit further than normal. If this hypothesis is right, this should be enough to carry the stock through to look at a ~$13.50 EPS in C2027 (about 10% above Street) and ~$17.50 in C2028 with visibility now to something potentially >$20 once these projects fully deploy. Taken together, we still think this should net out to a continued upside bias here and we walk PT higher to $415."

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