AVGO Broadcom Inc.
Price Chart
Executive Summary
Seaport Global double downgraded AVGO from Buy to Neutral on April 8, 2026, without assigning a price target, an unusual move that signals heightened caution. The firm’s accuracy stands at just 51% on 239 calls, well below top-tier shops like Cantor Fitzgerald (100% on 6) and Wells Fargo (100% on 3). Consensus remains overwhelmingly bullish: 93% of 57 analysts rate it Buy-equivalent, with a mean target of $475.49 implying 15.3% upside from the current $412.56. EPS revisions are trending higher, with current-year estimates up 0.8% over 30 days. However, insider selling has been heavy — EVP Velaga S. Ram alone sold ~$13.6 million in early April — and short interest is elevated at 30.7% of float. The downgrade is a contrarian call from a low-accuracy shop, limiting its conviction. Next earnings are due June 3, 2026. Bottom line: this move is notable but not actionable given weak firm credibility and overwhelming bullish consensus.
Impact Score
Consensus & Targets
Of 57 analysts covering AVGO, 93% are Buy-rated (17 Strong Buy, 36 Buy), 7% Hold, and 0% Sell. The consensus is decisively bullish, making Seaport’s downgrade a clear contrarian outlier.
Mean price target is $475.49, median $477.50, high $630, low $360. Current price $412.56 implies 15.3% upside to the mean. Seaport did not provide a target, signaling their view is below consensus. The high target from other firms offers 52.7% upside, while the low is 12.7% downside.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-16 | Mizuho | reiterate | Outperform | $480.00 |
| 2026-04-15 | Wells Fargo | maintain | Overweight | $430.00 |
| 2026-04-15 | JP Morgan | maintain | Overweight | $500.00 |
| 2026-04-14 | Cantor Fitzgerald | reiterate | Overweight | $525.00 |
| 2026-04-14 | Citigroup | reiterate | Buy | $475.00 |
| 2026-04-14 | Bernstein | maintain | Outperform | $525.00 |
| 2026-04-13 | UBS | maintain | Buy | $475.00 |
| 2026-04-08 | Seaport Global | downgrade | Neutral | — |
| 2026-04-07 | Rosenblatt | maintain | Buy | $500.00 |
| 2026-03-06 | Morgan Stanley | maintain | Overweight | $470.00 |
Over the past 30 days, 0 upgrades and 0 downgrades were recorded for AVGO (excluding this downgrade). EPS revisions are positive: current-year estimates rose from $11.33 to $11.43 (+0.8%), and next-year estimates from $17.67 to $18.12 (+2.5%) over 30 days, with most revisions upward.
Firm Track Record — Seaport Global
Seaport Global accuracy: 51% on 239 calls | avg return: 1.5%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Cantor Fitzgerald | 100% | 6/6 | 23.9% | top tier |
| Wells Fargo | 100% | 3/3 | 17.6% | top tier |
| Evercore ISI Group | 83% | 5/6 | 15.1% | top tier |
| Goldman Sachs | 80% | 4/5 | 8.2% | top tier |
| Rosenblatt | 75% | 9/12 | 13.1% | top tier |
| Oppenheimer | 75% | 6/8 | 10% | top tier |
| Truist Securities | 71% | 5/7 | 12.4% | top tier |
| Mizuho | 69% | 9/13 | 10.3% | top tier |
| Keybanc | 67% | 4/6 | 9.4% | top tier |
| Benchmark | 67% | 4/6 | 15% | top tier |
Seaport Global has a 51% accuracy rate across 239 calls, with an average return of 1.5%. This is significantly below top-tier firms such as Cantor Fitzgerald (100% on 6), Wells Fargo (100% on 3), and Evercore ISI (83% on 6). The firm’s track record diminishes the weight of its downgrade.
Earnings Estimates
Next earnings: Jun 3, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0y | $11.43 | $10.24 — $13.31 | $104.4B | ↑1 ↓0 |
| 0q | $2.39 | $2.36 — $2.50 | $22.1B | ↑2 ↓0 |
| +1y | $18.12 | $13.35 — $22.56 | $158.5B | ↑6 ↓0 |
| +1q | $3.24 | $2.69 — $4.26 | $29.0B | ↑1 ↓0 |
Cross-Platform Signals
Insider trades show heavy selling: EVP Velaga S. Ram sold ~$13.6 million in three transactions (Apr 8-10), and other executives sold as well. Congressional trades are mixed — one sell (Shelley Moore Capito, Apr 13) and one buy (Jared Moskowitz, Mar 31). Institutional data reveals a massive new Norges Bank position ($24.3B) but also an exit by the same fund (likely different entity); Two Sigma doubled its position (+520%). Short interest is 30.7% of float, indicating strong bearish sentiment that aligns with the downgrade but diverges from analyst consensus.
Actionable Insight
Seaport’s double downgrade is a bearish signal from a low-accuracy firm, so it should not drive aggressive positioning. The bullish consensus and upward EPS revisions support holding, but the heavy insider selling and elevated short interest warrant caution — traders should wait for earnings on June 3 for greater clarity.
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 19, 2026
2d ago
|
Press Release
| — | awaiting T+20 | — | — |
|
May 8, 2026
13d ago
|
ANALYST-DOWNGRADE
| $350.64 $425.18 | ▼ −21.26% | ▼ −12.71% | $414.56 (−18.23%) |
|
Apr 8, 2026
6w ago
|
144
| $354.85 $425.44 | ▲ +19.89% | ▲ +12.33% | $414.56 (+16.83%) |
|
Apr 8, 2026
6w ago
|
144
| $350.64 $427.36 | ▲ +21.88% | ▲ +13.34% | $414.56 (+18.23%) |
|
Apr 8, 2026
6w ago
|
Insider Cluster
| $350.64 $427.36 | ▼ −21.88% | ▼ −13.34% | $414.56 (−18.23%) |
|
Mar 16, 2026
9w ago
|
Insider Cluster
| $324.87 $380.46 | ▲ +17.11% | ▲ +13.33% | $414.56 (+27.61%) |
|
Mar 12, 2026
9w ago
|
Press Release
| $322.13 $379.56 | ▲ +17.83% | ▲ +14.24% | $414.56 (+28.69%) |
|
Mar 4, 2026
11w ago
|
8-K
| $332.56 $314.55 | ▼ −5.41% | ▼ −1.63% | $414.56 (+24.66%) |
|
Mar 2, 2026
11w ago
|
DEFA14A
| $313.72 $309.51 | ▼ −1.34% | ▲ +3.06% | $414.56 (+32.14%) |
US Market Status
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