Broadcom's Price Target Slashed to $310, EPS Seen Above $15 by 2028
UBS maintained a Buy rating on Broadcom and cut its price target from $330 to $310, citing strong server demand offset by a $1 billion gaming revenue reduction that limits near-term EPS upside. The bank projects EPS above $11 in fiscal 2027 and above $15 in fiscal 2028.
1. UBS Maintains Buy and Cuts Price Target
On February 4, UBS retained its Buy rating on Broadcom and lowered the price target from $330 to $310, citing robust server demand but highlighting a $1 billion reduction in gaming revenue that constrains near-term EPS upside.
2. Launch of Wi-Fi 8 AI-Ready Access Point and Switch
Broadcom unveiled the industry's first Wi-Fi 8 access point and Trident X3+ Ethernet switch solution, featuring the BCM49438 APU for edge AI acceleration, multi-gigabit speeds, integrated MACsec security and advanced telemetry designed for AI-driven enterprise networks.