Broadcom: Expanding AI Infrastructure Role and Long-Term Custom Accelerator Upside Underpins Buy Rating and $450 Target

Analyst Vivek Arya from Bank of America Securities maintained a Buy rating on Broadcom and keeping the price target at $450.00.

Vivek Arya has given his Buy rating due to a combination of factors tied to Broadcom’s expanding role in AI infrastructure. He highlights that new multi‑year TPU and networking agreements with Google and Anthropic materially extend Broadcom’s visibility as a key custom accelerator supplier and ease prior worries that Google might aggressively insource or shift designs to alternative partners.

Arya also points to sizeable content opportunity from the 3.5 GW Anthropic TPU capacity starting in 2027, which he estimates translates into tens of billions of dollars in potential revenue over time, alongside upside from additional hyperscale customers. Combined with strong expected earnings power above $30 per share by 2030 and a valuation he views as undemanding relative to Broadcom’s AI positioning, these dynamics support his Buy rating and $450 price objective.

In another report released today, William Blair also reiterated a Buy rating on the stock with a $314.00 price target.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVGO in relation to earlier this year.