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BofA Global Research raises Broadcom target price to $530 from $450

BofA Global Research raises Broadcom target price to $530 from $450

The revised call lifts Broadcom’s implied valuation benchmark by $80, reflecting a more bullish view from BofA Global Research.

Fact Check
Multiple independent credible financial news sources (Investing.com, MarketScreener, TipRanks, Odaily/Jin10) all consistently report that BofA Securities/BofA Global Research raised Broadcom's price target from $450 to $530 on June 4, 2026, while maintaining a Buy rating. The $80 increase and underlying rationale (AI growth on track, strong Q2 results) are corroborated across sources.
Summary

BofA Global Research raised its target price on Broadcom (AVGO.O) to $530 from $450, increasing the stock’s benchmark valuation by $80. The move signals a more constructive stance on the company, though the report excerpt did not provide the reasoning behind the revision.

Terms & Concepts
  • target price: An analyst’s projected future share price.