Tigress Financial Initiates Broadcom (AVGO) at Buy
Key Points
- Tigress Financial reiterated its Buy rating on Broadcom Inc. with a $600 price target on October 22, 2026.
- Tigress Financial's $600 price target implies 85.60% upside from Broadcom Inc.'s ($AVGO) current $323.27 share price.
- Institutional investors including James Hambro & Partners and B. Riley Wealth Advisors recently adjusted their positions in the semiconductor firm.
- Broadcom trades below its moving averages with a consensus recommendation key of strong_buy and an upcoming earnings date on December 9, 2026.
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Tigress Financial reiterated its Buy rating on Broadcom Inc. (AVGO) on October 22, 2026, setting a price target of $600. The research note provides a forward-looking opinion on the semiconductor maker as shares trade on the NasdaqGS.
AVGO
Broadcom Inc.
Tigress Financial's Call on Broadcom Inc.
Tigress Financial reiterated its Buy rating on the stock with a $600 price target on October 22, 2026. The firm's target sits well above recent trading levels, reflecting an optimistic outlook for the company's growth in semiconductor devices and infrastructure software solutions.
Other Institutional Activity in Broadcom Inc.
Other major funds have also adjusted their holdings in Broadcom recently. James Hambro & Partners grew its holdings by 7,523 shares, ending with 261,554 shares worth about $91.8 million. PineStone Asset Management picked up 361,120 shares for a total holding of 361,120 shares valued at roughly $126.8 million. B. Riley Wealth Advisors grew its stake by 16,191 shares to hold 73,656 shares worth about $25.9 million. Montrusco Bolton Investments trimmed its position by reducing 168,775 shares, leaving it with 468,632 shares valued at roughly $164.6 million. First Citizens Bank & Trust added 44,397 shares, finishing with 202,096 shares worth about $71.0 million.
Broadcom Inc. Stock Down 3.3%
Broadcom shares closed at $323.86 on October 22, 2026, and recently traded around $323.27. The stock sits below its 50-day moving average of $360.54 and its 200-day moving average of $368.04. Over the past 52 weeks, shares have moved between a low of $289.96 and a high of $495.00.
$AVGO price target
Broadcom Inc. daily closes and this analyst's $600 target. Not advice.
Recent Earnings
Broadcom reported trailing-twelve-month revenue of $89.1 billion and earnings of $7.83 per share. The company posted a net profit margin of 42.9% and a return on equity of 44.2%. Its next earnings report is scheduled for December 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target raises vs 1 cuts.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 14 target raises, 1 target cut.
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Earnings quality
Gross margin down 0.7 points. Operating margin up 10.1 points. Positive free cash flow.
Earnings Call Summary
Broadcom reported record quarterly revenue of $22.2 billion, up 48 percent from last year, driven by massive AI chip demand. AI chip sales alone hit $10.8 billion, up 143 percent, with bookings exceeding $30 billion against only $10.8 billion shipped, showing extreme customer demand. The company is executing partnerships with Google, Anthropic, OpenAI, and Meta to build large-scale AI compute clusters, with multiple gigawatt commitments starting to ramp in 2027 and beyond.
Guidance The company expects total sales of about $29.4 billion next quarter, up 84 percent year over year. Within that, AI chip sales should hit $16 billion, up over 200 percent. The company also raised its full-year AI sales target to $56 billion and reiterated guidance for 2027 AI sales to exceed $100 billion. Operating margins will stay stable at 67 percent even as the company grows.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
The company pays an annual dividend rate of $2.60 per share with a dividend yield of 0.77% and a payout ratio of 32.4%.
Insider Buying and Selling at Broadcom Inc.
Director Justine F. Page sold 1,602 shares at $373.86 on June 29, 2026, for a total of $598,916. Director Gayla J Delly disposed of 1,890 shares at $385.38 on July 8, 2026, totaling $728,368. Officer Mark David Brazeal sold 25,000 shares at $379.19 on July 8, 2026, for $9,479,700, and later sold another 25,000 shares at $401.33 on July 10, 2026, for $10,033,225.
Analysts Set New Price Targets
Macquarie upgraded the stock to Outperform with a $490 target on September 3, 2026. Citigroup maintained a Buy rating and raised its target from $500 to $515 on September 4, 2026. DA Davidson maintained a Neutral rating while cutting its target from $400 to $350 on September 4, 2026. Piper Sandler initiated coverage with an Overweight rating and a $460 target on September 10, 2026. Across Wall Street, the stock carries a strong_buy consensus with a mean price target of $527.59 from 47 analyst opinions.
About Broadcom Inc.
Headquartered in Palo Alto, California, Broadcom designs, develops, and supplies a wide range of semiconductor devices and infrastructure software solutions around the globe. Led by CEO Hock Eng Tan, the firm operates through two primary divisions focused on semiconductor solutions and infrastructure software.
Bottom Line
Tigress Financial's $600 price target highlights strong projected upside from recent trading levels. Investors will look toward the upcoming earnings release on December 9, 2026, for further updates on financial performance.
Related Filing Alerts
Source: Tigress Financial's rating change on $AVGO (Oct 22, 2026). Written by software, not financial advice. How we make alerts