Truist Lifts PT on Broadcom Inc. (AVGO) to $510 From $500

Broadcom Inc. (NASDAQ:AVGO) is one of the most widely held stocks by hedge funds in 2025. On December 19, Truist lifted the price target on Broadcom Inc. (NASDAQ:AVGO) to $510 from $500 while keeping a Buy rating on the stock.

Broadcom Inc. (NASDAQ:AVGO) also received a rating update from Morgan Stanley analyst Joseph Moore on December 17, who reaffirmed a Buy rating on the stock and set a $462 price target. The same day, Reuters reported that Broadcom Inc. (NASDAQ:AVGO) is among Morgan Stanely’s top semiconductor stocks for 2026, telling investors in a research note that:

“For the third consecutive year, the biggest debate is AI semis, where the index weighting is dominated by the processor names, and the (so far) insatiable appetite for compute is the most important variable to consider.”

In addition, UBS analyst Timothy Arcuri also lifted the price target on Broadcom Inc. (NASDAQ:AVGO) to $475 from $472 on December 15 and maintained a Buy rating on the shares. The firm told investors in a research note that although the sharp pullback on Friday reflected the extent to which consensus-long the stock has become, the recent management discussions show that there has been a “significant overreaction by the market.”

It added that commentary on AI semiconductor revenue backs increased expectations for fiscal year 2026, supporting upward estimate revisions. Arcuri lifted his estimates based on the AI semi revenue commentary for fiscal year 2026, and now expects AI semi revenue to surpass $60 billion, nearly tripling year-over-year. The analyst also raised the F27 revenue estimate to $135 billion and EPS to $14.15.

Broadcom Inc. (NASDAQ:AVGO) is a leading multinational technology company specializing in semiconductor and infrastructure software products.

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Disclosure: None. This article is originally published at Insider Monkey.