Broadcom: Deepening AI Infrastructure Partnerships with Google and Anthropic Support Buy Rating and Upside Potential

William Blair analyst Sebastien Naji has reiterated their bullish stance on AVGO stock, giving a Buy rating today.

Sebastien Naji has given his Buy rating due to a combination of factors tied to Broadcom’s deepening role in AI infrastructure and its improving financial outlook. He highlights the new long-term agreement with Google that secures Broadcom’s participation in next-generation TPUs through 2031, along with a supply assurance deal covering key networking and other components for Google’s future AI rack deployments.

He also points to the expanded collaboration involving Anthropic, which is set to tap roughly 3.5 GW of future TPU capacity, implying meaningful incremental revenue potential for Broadcom as AI data center investments scale. At the current valuation, he views the shares as offering a favorable balance of risk and return, supported by accelerating revenue growth and potential upside to consensus expectations as Broadcom’s AI ASIC and networking business with major cloud customers continues to broaden.

Naji covers the Technology sector, focusing on stocks such as Broadcom, Micron, and Credo Technology Group Holding Ltd. According to TipRanks, Naji has an average return of 1.7% and a 37.50% success rate on recommended stocks.

In another report released today, TipRanks – PerPlexity also upgraded the stock to a Buy with a $371.00 price target.