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finance.yahoo.comOCT 282 min read$AVGO

Rosenblatt’s $600 Target Says Broadcom’s Selloff Went Too Far

Rosenblatt Securities reiterated its Buy rating and $600 price target for Broadcom (AVGO), citing strong AI revenue growth and a $63B financing deal for Anthropic. The target is based on fiscal 2028 earnings estimates, but depends on Anthropic's success. Broadcom's stock is 32% below its June high, and Rosenblatt believes the selloff was excessive. The company's AI revenue hit $16.7B in Q3, with expectations of $115B in fiscal 2027 and $230B in fiscal 2028.

Original reporting
finance.yahoo.com
Published Oct 28, 2026, 3:52 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 28, 2026, 4:04 PM UTC. Informational, not investment advice.
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Rosenblatt’s $600 Target Says Broadcom’s Selloff Went Too Far — source image
Source · finance.yahoo.com
Decision brief

The 30-second read

$AVGOBullishMed
01

Why it matters

The new target reflects confidence in AI revenue growth but hinges on financing risk.

02

Market read

Analyst price target upgrade may drive short-term buying in AVGO.

03

What to watch

Potential credit exposure from the $63 B lease structure could weigh on valuation.

Relevance 7/10Novelty 6/10Timing: today

Background

Broadcom announced a $63 B financing deal to back AI chip capacity for Anthropic and OpenAI, prompting analyst coverage.

Company-level read

Ticker impact

$AVGOBullishHigh confidence
Context

Rosenblatt Securities reiterated a Buy rating and set a new $600 price target for Broadcom, 75% above the current price.

Expected impact

upward pressure as investors price in the higher target

Evidence & confidence

Target represents a 75% upside; analysts' buy rating typically drives buying interest.

Market effects

Sector

Higher target may boost sentiment in the semiconductor sector.

Regional

U.S. tech stocks could see modest gains.

Global

Limited to investors tracking AI chip makers.

Counterpoint

What could challenge this read

Target may be overly optimistic given financing risk at Anthropic.

Key entities

  • company
    Broadcom

    Semiconductor maker receiving the analyst upgrade.

  • analyst
    Rosenblatt Securities

    Equity research firm issuing the $600 target.

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