Jefferies Reiterates AVGO Buy Rating With $550 Target Amid Pullback
2026-06-30 17:36

Woofun AI reports that Jefferies analyst Blayne Curtis has reaffirmed a Buy rating on Broadcom (AVGO) with a $550 price target. The analyst identifies the recent stock pullback as a buying opportunity, projecting 2028 fiscal year EPS between $30 and $40. Curtis emphasized that Broadcom's TPU roadmap is on schedule, supported by a long-term agreement with Google extending to 2031 that guarantees minimum revenue, while dismissing concerns regarding MediaTek competition as overstated.

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Blayne Curtis
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