Greetings,
Every Monday afternoon, we send out a stock trade idea to some of MarketBeat's best and most valued subscribers.
We think you are one of those people...but you are not on our alert distribution list yet.
This once a week alert is sent out via SMS so that you can see it right away.
Last week's alert was very popular with our subscribers, you won't want to miss out on the next alert -- and it doesn't cost you a thing.
We're going to send out another trade idea on Monday around noon, and I want to make sure that you're able to see it.
Add your name to the distribution list here.
You'll thank me on Tuesday morning.
Matthew Paulson
MarketBeat
Broadcom Secures $460 Price Target, Implying +30% Upside
Written by Leo Miller. Published 10/22/2025.
Key Points
- Broadcom just signed a huge deal with ChatGPT maker OpenAI.
- Wall Street analysts raised their price targets in response. Most recent forecasts predict that shares will reach or exceed $400.
- The stock's most bullish target implies more than 30% upside potential. Its most bearish recent target suggests little downside.
After its massive 10-gigawatt (GW) deal with OpenAI, Wall Street analysts are again issuing sizable upgrades on semiconductor giant Broadcom (NASDAQ: AVGO). The OpenAI news sent shares up by nearly 10% on Oct. 13.
Now, more than 60% of recent price targets indicate shares will reach the never-before-seen $400 level.
A Worldwide Gold Lockdown Is Now Underway (Ad)
Central banks around the world are hoarding gold at one of the fastest rates in history — and former Goldman Sachs VP Dr. David Eifrig says this move goes far beyond a simple bull market. In a new free presentation, he reveals why the world's financial elite are locking down gold, what it could mean for your savings, and the three steps he recommends taking immediately.
Click here to watch Dr. Eifrig's full broadcast before it's taken offlineAdditionally, Broadcom has received its highest price target ever.
Let's look at Broadcom's latest price-target data and examine how high and how low analysts expect the stock to move.
AVGO's Most Bullish Target Eyes Up to 32% Upside in Shares
The MarketBeat-tracked consensus price target on Broadcom sits at approximately $372, implying roughly 7% upside and exceeding Broadcom's all-time closing price of $369. However, the more recently an analyst updated their target, the more bullish they tend to be.
For example, among analysts whose last update came in September, the average target rises to $383. Among analysts who last issued an update on or after Oct. 13, that figure jumps to $423.
With shares closing at around $349 on Oct. 20, the $423 figure implies about 21% upside. While not unprecedented, that potential is striking for a stock that has already run strong: shares have delivered a total return of 52% in 2025 and nearly 170% since Liberation Day lows in April.
Broadcom also received two particularly high targets from Barclays and KeyCorp. Their respective $450 and $460 targets suggest shares could climb between 29% and 32%. KeyCorp's $460 target replaces its previous $420 target from Sept. 30, which at the time tied for Broadcom's highest.
The Majority of Recent Targets See Broadcom Going to $400 or Higher
Notably, none of Broadcom's price targets issued in October exceed $400. Nevertheless, of roughly 20 Broadcom price targets tracked by MarketBeat since the beginning of September, 13 now sit at $400 or higher. This count excludes several ratings that were not accompanied by a price target.
Overall, just under two-thirds of recent Broadcom targets imply at least 14% upside. That distribution reinforces the case for further upside following the stock's strong run.
Only one analyst among the recent cohort has a target below the current share price: Wells Fargo & Company, which places a $345 target on Broadcom.
Even though that is the most bearish recent target, it implies only about a 1% downside. Recent analyst sentiment is skewed positively, signaling limited downside and material upside potential.
Broadcom May Be Catching Up, But It Still Trails NVIDIA on Multiple Fronts
Given Broadcom's OpenAI deal, it's unsurprising analysts turned more bullish. Based on energy consumption, Broadcom's deal equals the 10 GW partnership NVIDIA (NASDAQ: NVDA) inked with OpenAI.
That signals OpenAI views Broadcom as essential to its AI ambitions and that NVIDIA won't capture the entire opportunity. It further cements Broadcom as the most important AI chip designer outside of NVIDIA. Deutsche Bank analysts estimate Broadcom could generate over $100 billion in revenue over the three-year OpenAI deal.
If Broadcom were to generate roughly $33 billion a year from the deal, that would imply about a +150% jump in its AI semiconductor revenues versus current levels.
As of last quarter, that business had an annualized run rate just under $21 billion.
There is evidence Broadcom is gaining ground on Team Green when it comes to attracting AI spending. NVIDIA's data-center revenue grew 56% last quarter to $41.1 billion, while Broadcom's AI semiconductor revenue grew 63% to $5.2 billion, suggesting Broadcom increased its share of AI spending.
However, NVIDIA's numbers included a $4 billion decline in H20 chip revenues due to export restrictions on China. Had those sales continued, NVIDIA's data-center growth would have been 71%, higher than Broadcom's AI growth. Either way, Broadcom's AI revenue remains less than one-fifth of NVIDIA's data-center revenue.
Despite bullish sentiment on Broadcom, Wall Street still favors NVIDIA. The MarketBeat consensus price target on NVIDIA implies around 21% upside, while its most bullish $320 target implies about 75% upside. Even the stock's lowest target since the beginning of August is $200, which still suggests shares have room to run.
MarketBeat empowers investors to make better investment decisions by delivering real-time financial information and best-in-class investment analysis.
This message is a paid advertisement sent on behalf of MarketBeat Alerts, a third-party advertiser of MarketBeat. Why did I get this message?.
If you have questions or concerns about your newsletter, don't hesitate to contact MarketBeat's South Dakota based support team at contact@marketbeat.com.
If you would like to unsubscribe or change which emails you receive, you can manage your mailing preferences or unsubscribe from these emails.
Copyright 2006-2025 MarketBeat Media, LLC.
345 North Reid Place, Suite 620, Sioux Falls, S.D. 57103-7078. United States of America..
Post a Comment
Post a Comment