Cantor Fitzgerald raises Broadcom price target to $600
Cantor Fitzgerald lifted its Broadcom target from $525 to $600 while keeping an overweight rating. Broadcom's fiscal Q3 2026 revenue rose 86% to $29.591 billion, with AI semiconductor revenue at $16.7 billion, up 221%. The company guided Q4 revenue to $34.8 billion and AI chip revenue to $21.7 billion, though the sales outlook was below the $35.03 billion consensus.
Cantor Fitzgerald's C.J. Muse kept an overweight call and moved the Broadcom target to $600 from $525. BMO Capital also became more bullish, lifting its target to $575 from $455 while retaining an outperform rating.
Broadcom's fiscal Q3 2026 revenue reached $29.591 billion, up 86%, as AI semiconductor sales hit $16.7 billion, up 221%. Q4 guidance was $34.8 billion total and $21.7 billion AI chips, below the $35.03 billion consensus. Shares last traded at $352.81.
The raised targets and Broadcom's AI-driven results could shape how investors view semiconductor and data-center suppliers. Retail and institutional shareholders may adjust portfolios around AI growth expectations, while cloud providers and equipment makers could face pressure to expand capacity. If AI chip demand persists, broader digital services may improve, but the below-consensus sales outlook may temper enthusiasm and remind markets that rapid growth can be uneven.