Broadcom Gets Big Upgrades: How High Analysts See Shares Going

Core Insights - Broadcom achieved significant success in fiscal Q3 2025, with shares rising over 9% following the earnings report and management commentary [1][2] - The company slightly exceeded sales estimates and provided revenue guidance for Q4 that was nearly $400 million better than expected [2][3] - CEO Hock Tan announced a new $10 billion deal with a customer for AI XPUs, which represents nearly 17% of Broadcom's total revenue over the last 12 months [3][4] Analyst Reactions - Following the announcement, over 15 analysts raised their price targets for Broadcom, with an average increase of over 22% [7][8] - The consensus price target as of September 10 is around $352, indicating nearly 5% downside from the current share price, despite a 10% gain on that day [9][12] - The updated analyst forecasts suggest a bullish outlook, with the highest target reaching $400, implying an 8% upside [13][12] Business Developments - Broadcom's new AI XPU customer count has reached four, with three potential customers remaining [3][4] - The recent acquisition of a major customer marks the first addition in about a year, highlighting the company's ability to convert prospects into revenue [14] - CEO Hock Tan's potential compensation tied to AI revenue goals reflects confidence in achieving these targets [10]