Rosenblatt Raises Broadcom (AVGO) PT to $440 Ahead of Earnings on TPU/XPU Strength

Broadcom Inc. (NASDAQ:AVGO) is one of the Hot AI Stocks on Wall Street’s RadarOn December 9, Rosenblatt analyst Kevin Cassidy raised the firm’s price target on the stock to $440 from $400 and kept a “Buy” rating on the shares.

The rating affirmation, which comes as part of an earnings preview, reflects expectations for upside from strong TPU/XPU traction and infrastructure tailwinds.

Rosenblatt believes that Broadcom will beat estimates driven by accelerating shipments of TPU and additional traction with XPU. It also anticipates revenue upside from the networking business as data center networks expand.

“Based on our increased estimates we are lifting our 12-month price target to $440 and maintain our Buy recommendation.”

The company is expected* to report earnings on 11/12/2025 after market close.

Broadcom is a technology company uniquely positioned in the AI revolution owing to its custom chip offerings and networking assets.

While we acknowledge the risk and potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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