NEW YORK, March 2, 2026, 07:42 (EST)
- Robert W. Baird stuck with its Buy call on Broadcom, keeping the $420 price target in place just before the company’s quarterly results.
- Rick Schafer at Oppenheimer stuck with his $450 target on Broadcom, saying AI-fueled demand puts the company in position to top estimates.
- Seeking Alpha analysts highlighted put-selling before earnings, with options premiums still running high.
Broadcom is set to deliver its quarterly results this week, and Robert W. Baird is holding on to its Buy rating, keeping the price target at $420, a note cited by a report said. The firm’s stance rests on what it sees as solid demand for Broadcom’s custom chips powering artificial intelligence systems, according to the report.
Timing’s the key here. Chip stocks have swung around since Nvidia’s results, and investors are watching for a clearer signal: is the AI buildout still turning into fresh orders and real pricing power for hardware suppliers?
Broadcom’s business is a mix that complicates any read on its earnings. The company pushes semiconductors into both phones and data centers, yet its portfolio is full of infrastructure software—think VMware and past acquisitions. That software segment can soften any slowdown, though it also blurs the margin picture.
Oppenheimer’s Rick Schafer is betting Broadcom beats the Street’s targets—$19.2 billion in revenue and $2.02 per share for its fiscal first quarter—according to TipRanks. Schafer left his Outperform rating and $450 price target untouched, citing demand from AI that could help counter some weakness in wireless as Apple brings chipmaking in-house. He also pointed to a possible edge over Qorvo in a coming iPhone refresh. “AVGO boasts the No. 2 AI franchise (after NVDA),” Schafer noted. “We remain long-term buyers.” TipRanks
Lucas Ma, writing as Envision Research for Seeking Alpha, suggested a put-selling approach ahead of the earnings release. With put options, buyers secure the right to sell shares at a predetermined price; sellers pocket the premium but risk having to buy the stock if it falls. According to Ma, with put-call ratios dropping and implied volatility running high—factors that are driving up option premiums—investors might “potentially buy” Broadcom at roughly a 30-times earnings multiple and a PEG of 0.95, measuring valuation versus growth. Seeking Alpha
Broadcom isn’t just sticking to its well-known chips—it’s been ramping up efforts in AI-adjacent plumbing, too. Harish Bharadwaj, a vice president at the company, told Reuters that clients are embracing Broadcom’s stacked-chip technology to get more performance while using less energy. “Now, pretty much all of our customers are adopting this technology,” Bharadwaj said. Reuters
Broadcom plans to release its fiscal first-quarter 2026 numbers after the market closes on Wednesday, March 4, with a conference call set for 2 p.m. Pacific, according to the company.
Broadcom shares were last seen changing hands at $319.55, roughly 0.7% lower than the previous close, according to available market data before the U.S. session kicked off Monday.
There’s a catch: “good” results might not cut it. An analysis from Investing.com flagged the risk of a post-earnings drop in Broadcom shares, even if the company tops forecasts. Margins falling short or a management team hesitant about the staying power of AI demand could spook investors. Investing.com South Africa
Investors are watching three things: AI chip sales and order outlooks, any hints of margin squeeze from bespoke chips, and whether software demand stays resilient as firms rethink budgets and ramp up automation using AI.
