Truist Securities reiterated its 'Buy' rating for Broadcom on December 19, 2025. The firm simultaneously raised its price target to $510, up from $500.
This positive analyst action follows a significant 20% decline in Broadcom's stock. The sell-off occurred after the company’s strong fourth-quarter earnings report on December 11. Investors expressed concern over the absence of a full-year AI revenue forecast.
Despite the recent volatility, which some analysts view as an overreaction and a buying opportunity, Wall Street sentiment remains bullish. Broadcom holds a consensus 'Buy' rating, with multiple analysts raising their price targets in the week following the earnings announcement.
On December 19, Broadcom’s stock saw a modest rise. This movement aligned with a broader market rally across AI-focused technology stocks.