Susquehanna analyst Christopher Rolland reiterated a Buy rating on Broadcom today and set a price target of $450.00.
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Christopher Rolland has given his Buy rating due to a combination of factors that highlight Broadcom’s strong performance and future prospects. The company has demonstrated significant growth in its AI segment, with AI revenue surpassing expectations and reaching approximately $6.5 billion in the fourth fiscal quarter. This growth is largely driven by custom XPUs and a robust AI networking segment, with substantial orders from key customers like Anthropic, which has placed additional orders for delivery in 2026.
Furthermore, Broadcom’s AI backlog has reached around $73 billion, indicating strong demand and future revenue potential. While non-AI semiconductor guidance was slightly below expectations, the recovery in the broadband market and stable outlook for non-AI semiconductors provide a balanced view. The company’s infrastructure software segment also showed strength, contributing to a positive overall outlook. Despite some challenges, such as potential margin pressure from a higher mix of AI revenue, the company’s strategic positioning in AI and custom XPUs supports the Buy rating.
Rolland covers the Technology sector, focusing on stocks such as ON Semiconductor, Advanced Micro Devices, and Skyworks Solutions. According to TipRanks, Rolland has an average return of 22.0% and a 58.92% success rate on recommended stocks.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $500.00 price target.