Broadcom price target raised to $475 from $472 at UBS

UBS analyst Timothy Arcuri raised the firm’s price target on Broadcom (AVGO) to $475 from $472 and keeps a Buy rating on the shares. Despite the sharp pullback on Friday highlighting how consensus-long the stock has become, recent management discussions suggest the market reaction was an overreaction, the analyst tells investors in a research note. Commentary on AI semiconductor revenue supports higher expectations for FY26, prompting upward estimate revisions, UBS says.