Analysts Raise Broadcom Inc. (AVGO)'s Price Targets Following OpenAI Partnership

Broadcom Inc. (NASDAQ:AVGO) is among the 14 Best Big Name Stocks to Invest in Right Now. Several analysts in recent days have adjusted their price targets for the stock, following OpenAI’s announcement to partner with the company to build its first in-house AI processors.

On October 14, UBS analyst Timothy Arcuri lifted the stock’s price target to $415 from $365 and kept a Buy rating on its shares. The firm, in a research note to investors, said that estimates were being raised to reflect updated checks in the supply chain after the OpenAI announcement. EPS expectations for 2026 are now close to $10, with a potential upside to revenue forecasts.

UBS further stated that large-scale deployments are anticipated to ramp up later, which could position Broadcom Inc. (NASDAQ:AVGO)’s EPS to reach approximately $13.50 next year and potentially exceed $20 by 2028 as projects come online.

On October 13, an analyst from Mizuho also raised the stock’s price target to $430 from $410 while maintaining an Outperform rating for its shares. The price target increase represented an upside potential of nearly 21% from the close on Monday.

According to a report on TheFly, the firm’s analyst expects the deal to potentially generate between $150 billion and $200 billion in revenue for Broadcom Inc. (NASDAQ:AVGO) over multiple years. Moreover, Mizuho has raised the company’s AI revenue estimates to $40.4 billion for FY26, $64.5 billion for FY27, and $78 billion for FY28.

The analyst described Broadcom Inc. (NASDAQ:AVGO) as a top pick and highlighted OpenAI’s recent chip deals with Nvidia and AMD in the analysis.

In other news, on October 14, Morgan Stanley also lifted the stock’s price target to $409 from $382, while maintaining an Overweight rating for its shares. Overall, Wall Street analysts have a bullish outlook for the stock, with a consensus Buy rating, although the average share price upside potential is just over 4% currently.

Broadcom Inc. (NASDAQ:AVGO) is a leading developer, manufacturer, and supplier of semiconductor and infrastructure software products.

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