Broadcom Limited (AVGO) PT Raised to $300 at Baird

Baird analyst Tristan Gerra raised the price target on Broadcom Limited (NASDAQ: AVGO) to $300.00 (from $210.00) while maintaining a Outperform rating.

The analyst comments "Impressive execution catalyzes a much larger order than we expected from OpenAI in 2H26, while we have recently heard from the channel incrementally positive datapoints regarding Google TPU volumes for Broadcom. We see a strong ramp for Tomahawk 6 next year (more use cases, Mi455). Infrastructure software bookings remain strong with vSphere V9 enabling on-premise applications and running AI workloads. Valuation is rich but likely sustained driven by the expected acceleration in AI revenue in 2026 along with an impressive AI backlog. Outperform-rated."

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