DA Davidson Raises Broadcom (AVGO) Price Target to $400

DA Davidson upgraded Broadcom Inc. (AVGO) to a Buy rating and raised its price target to $400 on October 27, 2026, up from the previous target of $350. The firm noted that this change reflects a more optimistic view of the company's prospects in the semiconductor sector.

The new target of $400 suggests significant upside potential, as Broadcom's shares closed at $340.87 on the same day. Recently, the stock has been trading around $340.63, which is about equal to its closing price. However, it's worth noting that the stock is currently below its 50-day moving average of $355.48 and its 200-day average of $367.81, indicating some challenges in price performance.

AVGO Broadcom Inc.

$329.17 ▼ -4.78% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in Broadcom

Several other institutional investors have also made moves in Broadcom recently. Howland Capital Management grew its holdings by 5,793 shares, bringing its total to 45,509 shares worth about $15.98 million. In contrast, Midwest Trust reduced its stake by 37,041 shares, ending with 497,152 shares valued at approximately $174.59 million. Perigon Wealth Management also cut its position by 9,926 shares, bringing its holdings down to 147,532 shares valued at around $51.81 million.

Broadcom Inc. Stock Up 5.9%

As of October 27, 2026, Broadcom's stock is trading at $340.63, which is below its 52-week high of $495.00 and above its 52-week low of $289.96. The stock has been underperforming compared to its moving averages, which could be a concern for investors looking for momentum. The current price is also significantly below the mean analyst target of $529.10, suggesting that analysts see potential for recovery in the stock price.

Recent Earnings

Broadcom reported trailing twelve-month revenue of approximately $89.1 billion, showcasing strong growth in the semiconductor industry. The company achieved a revenue growth of 85.5% year-over-year and a net margin of 42.9%. Its next earnings report is scheduled for December 9, 2026, which could provide further insights into its performance.

Insider Buying and Selling at Broadcom Inc.

Several insiders have sold shares of Broadcom recently. Justine F. Page, a Director, sold 1,602 shares at an average price of $373.86 on June 29, 2026. Officer Mark David Brazeal sold 25,000 shares at $379.19 on July 8, 2026, and another 25,000 shares at $401.33 on July 10, 2026. Director Gayla J. Delly sold 1,890 shares at $385.38 on July 8, 2026. These transactions occurred before the recent analyst upgrade and reflect ongoing trading activity among insiders.

Analysts Set New Price Targets

On October 27, 2026, DA Davidson upgraded Broadcom to a Buy rating with a new target of $400. Citigroup maintained a Buy rating with a target of $515, while Piper Sandler initiated coverage with an Overweight rating and a target of $460. The consensus among analysts remains strong, with a mean target price of $529.10 based on 48 opinions.

About Broadcom

Broadcom Inc. designs and supplies a wide range of semiconductor devices and infrastructure software solutions. The company operates in two main segments: Semiconductor Solutions and Infrastructure Software. Its products are vital for various applications in the technology sector, making it a key player in the industry.

Bottom Line

Investors should keep an eye on Broadcom's upcoming earnings report on December 9, 2026, as it could impact future analyst ratings and stock performance. With the recent upgrade from DA Davidson, the market will be watching how the company performs in a competitive semiconductor landscape.