In a report released yesterday, Tristan Gerra from Robert W. Baird assigned a Buy rating on Broadcom, with a price target of $630.00.
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Tristan Gerra has given his Buy rating due to a combination of factors, including Broadcom’s substantially higher-than-expected AI revenue outlook for 2026–2027, supported by multiple custom ASIC wins and accelerating XPU deployments. He believes this robust AI growth, coupled with management’s confidence in their unmatched design and execution capabilities, more than offsets any potential market share headwinds that could arise in 2027.
Gerra also points to a stronger-than-anticipated, higher-margin networking ramp, with products such as Tomahawk 6 and the planned Tomahawk 7 helping lift the mix of networking within total AI revenue. Additionally, the clarification that Anthropic rack shipments will not pressure XPU margins and that AI demand is incremental rather than cannibalistic to existing VCF products underpins his view of meaningful revenue and EPS upside through 2030, supporting a Buy recommendation.
Gerra covers the Technology sector, focusing on stocks such as Broadcom, Texas Instruments, and Nvidia. According to TipRanks, Gerra has an average return of 19.2% and a 55.11% success rate on recommended stocks.
In another report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $348.00 price target.