These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings

Benzinga Earnings

51 mins ago

Broadcom Inc (NASDAQ:AVGO) on Wednesday reported better-than-expected financial results for the third quarter of fiscal 2026, but issued weak guidance for the fourth quarter.

Broadcom posted third-quarter revenue of $29.59 billion, beating analyst estimates of $29.36 billion. The company reported adjusted earnings of $3.32 per share for the quarter, beating estimates of $3.24 per share, according to Benzinga Pro.

"Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter," said Hock Tan, president and CEO of Broadcom.

Broadcom sees fourth-quarter revenue of approximately $34.8 billion versus estimates of $35.03 billion. The soft guidance appears to be weighing on shares after hours.

Broadcom shares fell 3.1% to $355.89 in pre-market trading.

These analysts made changes to their price targets on Broadcom following earnings announcement.

Cantor Fitzgerald analyst C.J. Muse maintained the stock with an Overweight rating and raised the price target from $525 to $600.
BMO Capital analyst Harsh Kumar maintained the stock with an Outperform rating and raised the price target from $455 to $575.
Rosenblatt analyst Sajal Dogra maintained the stock with a Buy and raised the price target from $500 to $600.

Considering buying AVGO stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://au1.tigerplaytime.com/news/2664187284"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2664187284\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2664187284?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-03 20:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2664187284","market":"hk","top_or_hot":-1,"title":"These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings","media":"Benzinga Earnings","content":"<html><body><p><strong>Broadcom Inc</strong> (NASDAQ:AVGO) on Wednesday reported better-than-expected financial results for the third quarter of fiscal 2026, but issued weak guidance for the fourth quarter.</p>\n<p>Broadcom posted third-quarter revenue of $29.59 billion, beating analyst estimates of $29.36 billion. The company reported adjusted earnings of $3.32 per share for the quarter, beating estimates of $3.24 per share, according to Benzinga Pro.</p>\n<p>\"Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter,\" said Hock Tan, president and CEO of Broadcom.</p>\n<p>Broadcom sees fourth-quarter revenue of approximately $34.8 billion versus estimates of $35.03 billion. The soft guidance appears to be weighing on shares after hours.</p>\n<p>Broadcom shares fell 3.1% to $355.89 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Broadcom following earnings announcement.</p>\n<ul>\n<li>Cantor Fitzgerald analyst C.J. Muse maintained the stock with an Overweight rating and raised the price target from $525 to $600.</li>\n<li>BMO Capital analyst Harsh Kumar maintained the stock with an Outperform rating and raised the price target from $455 to $575.</li>\n<li>Rosenblatt analyst Sajal Dogra maintained the stock with a Buy and raised the price target from $500 to $600.</li>\n</ul>\n<p><strong>Considering buying AVGO stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"288\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-1024x288.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-1024x288.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-300x84.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-768x216.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85.png 1180w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Analysts Increase Their Forecasts On Broadcom Following Upbeat Q3 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time\">2026-09-03 20:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Broadcom Inc</strong> (NASDAQ:AVGO) on Wednesday reported better-than-expected financial results for the third quarter of fiscal 2026, but issued weak guidance for the fourth quarter.</p>\n<p>Broadcom posted third-quarter revenue of $29.59 billion, beating analyst estimates of $29.36 billion. The company reported adjusted earnings of $3.32 per share for the quarter, beating estimates of $3.24 per share, according to Benzinga Pro.</p>\n<p>\"Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter,\" said Hock Tan, president and CEO of Broadcom.</p>\n<p>Broadcom sees fourth-quarter revenue of approximately $34.8 billion versus estimates of $35.03 billion. The soft guidance appears to be weighing on shares after hours.</p>\n<p>Broadcom shares fell 3.1% to $355.89 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Broadcom following earnings announcement.</p>\n<ul>\n<li>Cantor Fitzgerald analyst C.J. Muse maintained the stock with an Overweight rating and raised the price target from $525 to $600.</li>\n<li>BMO Capital analyst Harsh Kumar maintained the stock with an Outperform rating and raised the price target from $455 to $575.</li>\n<li>Rosenblatt analyst Sajal Dogra maintained the stock with a Buy and raised the price target from $500 to $600.</li>\n</ul>\n<p><strong>Considering buying AVGO stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"288\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-1024x288.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-1024x288.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-300x84.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85-768x216.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/09/03084415/image-85.png 1180w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/09/61600199/these-analysts-increase-their-forecasts-on-broadcom-following-upbeat-q3-earnings","article_id":"2664187284","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664187284","pubTimestamp":1788439558,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Broadcom beat Q3 estimates with $29.59B revenue and strong AI growth, but weak Q4 guidance pressured shares; analysts raised price targets.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"这些分析师在乐观的第三季度盈利后上调了对博通的预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/9515c1709fdb10d88116b00ca846a89c","symbols_score_info":{"ESLG":0.6,"USD":0.6,"AVL":0.6,"AIFD":0.6,"CIBR":0.6,"CHAT":0.6,"FAI":0.6,"TEK":0.6,"HAKY":0.6,"SHOC":0.6,"TTEQ":0.6,"BAI":0.6,"AVGC":0.6,"SOXQ":0.6,"IXN":0.6,"VGT":0.6,"AVGX":0.6,"USXF":0.6,"AVS":0.6,"XLK":0.6,"CHPX":0.6,"CGDG":0.6,"TDIV":0.6,"NULC":0.6,"JGRO":0.6,"TRFK":0.6,"CGGO":0.6,"SOXX":0.6,"FTEC":0.6,"THMR":0.6,"AVGG":0.6,"AVGW":0.6,"SMHX":0.6,"AVGO":1.98,"IETC":0.6,"ARTY":0.6,"SAVGOmain":0.6,"TTXU":0.6,"AVGU":0.6,"SPTE":0.6,"CGBL":0.6},"content_text":"Broadcom Inc (NASDAQ:AVGO) on Wednesday reported better-than-expected financial results for the third quarter of fiscal 2026, but issued weak guidance for the fourth quarter.\nBroadcom posted third-quarter revenue of $29.59 billion, beating analyst estimates of $29.36 billion. The company reported adjusted earnings of $3.32 per share for the quarter, beating estimates of $3.24 per share, according to Benzinga Pro.\n\"Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter,\" said Hock Tan, president and CEO of Broadcom.\nBroadcom sees fourth-quarter revenue of approximately $34.8 billion versus estimates of $35.03 billion. The soft guidance appears to be weighing on shares after hours.\nBroadcom shares fell 3.1% to $355.89 in pre-market trading.\nThese analysts made changes to their price targets on Broadcom following earnings announcement.\n\nCantor Fitzgerald analyst C.J. Muse maintained the stock with an Overweight rating and raised the price target from $525 to $600.\nBMO Capital analyst Harsh Kumar maintained the stock with an Outperform rating and raised the price target from $455 to $575.\nRosenblatt analyst Sajal Dogra maintained the stock with a Buy and raised the price target from $500 to $600.\n\nConsidering buying AVGO stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}