I made an additional investment in AVGO based on Jefferies maintaining its Buy rating and $500 price target, implying ~45% upside potential. The firm emphasized Broadcom’s strong positioning in AI and networking, noting it is “well ahead” of MediaTek on v8 chips and poised to maintain its lead with v9 chips. With Google expected to reach 6 million units in CY27, 85-90% tied to Broadcom, Jefferies sees further upside potential. This reinforces confidence in AVGO’s growth trajectory and its ability to capitalize on the expanding demand in high-performance chip solutions.
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