By Michael Douglass
Publication Date: 2026-10-22 15:20:00
Key Takeaways
- Broadcom stock is down [34%] from its June high, and Tigress Financial started coverage today with a Buy rating and a $600 target, [83%] above the share price.
- Analysts’ earnings estimates for Broadcom have held steady through the sell-off, so investors are paying less for the same expected earnings.
- The $600 target works out to about 35x forward earnings. Broadcom’s five-year average is 24x.
- Tigress’s call is plausible but stretched: it needs a higher multiple on today’s estimates, or earnings growth as fast as Wall Street expects.
Broadcom (AVGO) stock is down 35% from its 52-week high of $495 in early June, at about $324 as of this writing.
Today, Tigress Financial’s Ivan Feinseth started coverage with a Buy rating and a $600 price target, 83% above that price. Let’s work the math.
The CEO’s capital warning didn’t help
Fiscal third-quarter revenue, reported Sept. 2, rose 86% from a year earlier to $29.6 billion, and AI…
