Analysts upgrade Broadcom stock price target following earnings report

Core Insights - Broadcom's shares increased nearly 5% following stronger-than-expected quarterly results, with Q1 2026 revenue reported at $19.31 billion, slightly above the forecast of $19.18 billion, and EPS at $2.05, exceeding expectations of $2.03 [1] - The company anticipates 2027 revenue to surpass $100 billion, driven by its chips and silicon utilized in artificial intelligence (AI) [1] Analyst Upgrades - J.P. Morgan analyst Harlan Sur raised Broadcom's stock price target from $475 to $500, maintaining an 'Overweight' rating, citing continued upside in the AI semiconductor segment [3] - Baird analyst Tristan Gerra increased his price target from $420 to $630 while keeping a 'Buy' rating, highlighting stronger-than-expected AI revenue guidance for 2026-2027 and new AI customer deployments [4] - Bernstein analyst Stacy Rasgon raised his target to $525 from $475, noting semiconductor performance exceeded expectations despite software results being slightly below forecasts [4] - Rosenblatt Securities's Kevin Cassady raised his price target from $450 to $500 while maintaining a 'Buy' rating, pointing to solid earnings and a promising outlook, with Q2 revenue guidance about 10% above consensus [5] Price Target Adjustments - The average Broadcom stock price target for the next year has risen to $457.89, indicating a potential rally of over 37% based on thirty-one analyst notes since December [6] - The new price revisions and optimism from earnings reports suggest that institutional experts' patience during early 2026 turmoil has paid off, with Broadcom now regarded as a 'Strong Buy' [8]