Broadcom shares upgraded as analysts lift price targets to $515 and $530

Deutsche Bank Research raised its price target for Broadcom from $430 to $515 and reaffirmed a buy recommendation. The upgrade was driven by strong second‑quarter results, a solid outlook for the third quarter, and an assessment that the company’s long‑term AI ambitions remain credible, even if market expectations are high. The bank also noted that the recent share‑price pullback could present a buying opportunity.

Mizuho Securities increased its target for Broadcom to $530 from $480 and gave the stock an “outperform” rating. Analyst Vijay Rakesh highlighted the near‑6% decline to $393.81 after earnings as an attractive entry point. He cited Broadcom’s leading position in the AI market and continued development of its XPU roadmap as key growth drivers, recommending investors take advantage of the dip.

Both analysts view Broadcom’s exposure to AI and data‑center demand as central to its future earnings potential.