Bank of America Broadcom · AVGO

BofA Lowers Broadcom Price Target to $240

Analyst: Vivek Arya 1 min read Reproduced verbatim
Rating
Buy
Target
$240
from $260 (−8%)
Outcome
Reached
on May 29, 2025
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What the analyst said

BofA Securities analyst Vivek Arya lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $240 (from $260) while maintaining a Buy rating.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

AVGO trades at $345. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $240 target is 53% below the median, the lowest on the Street.

Since the note AVGO has moved +93% (from $179). The 12-month window closed on April 16, 2026.

Track record

This call✓ Target reached on May 29, 2025, 43 days after the note.

Firm track recordBank of America: 89% of its 36 targets at least a year old were reached within 12 months (#7 of 21 firms); on Broadcom, 3 of 3. Accuracy ranking →

Bank of America on Broadcom

Bank of America price targets on Broadcom

8 calls from April 16, 2025 to June 4, 2026. The target went from $240 to $530 (+121%). The rating stayed Buy.

Bank of America targetAVGO share price
  1. June 4, 2026Target raised from $450 (+18%)Buy$530
  2. March 5, 2026Target cut from $500 (−10%)Buy$450
  3. December 12, 2025Target raised from $460 (+9%)Buy$500
  4. December 1, 2025Target raised from $400 (+15%)Buy$460
  5. October 13, 2025Kept the $400 targetBuy$400
  6. September 5, 2025Target raised from $300 (+33%)Buy$400
  7. June 6, 2025Target raised from $240 (+25%)Buy$300
  8. April 16, 2025 This noteEarliest call shownBuy$240
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Other analysts on Broadcom

StoneXBuy Kept rating and price target Oct 27 $545maintained UBSBuy Kept rating and price target Oct 27 $470maintained RosenblattBuy Kept rating and price target Oct 27 $600maintained DA DavidsonBuy Upgraded, raised price target +14% Oct 27 $400from $350 KeyBancBuy Kept rating and price target Oct 27 $575maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.