Goldman Sachs Broadcom · AVGO

Goldman Sachs Initiates Broadcom at Buy, $315 Price Target

Analyst: James Schneider 1 min read Reproduced verbatim
Rating
Buy
New coverage
Target
$315
First target
Outcome
Reached
on September 5, 2025
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What the analyst said

Goldman Sachs analyst James Schneider initiates coverage on Broadcom Limited (NASDAQ: AVGO) with a Buy rating and a price target of $315.

“Broadcom has a dominant franchise position across several segments of infrastructure software as a result of a long-term M&A strategy.

We believe the company is likely to sustain its dominant position in enterprise networking silicon, and will continue to leverage this leadership to drive majority share in custom silicon processors for major US hyperscalers – which should drive AI to comprise over 40% of the company by 2026.

At the same time, Broadcom continues to generate steady, growing profitability in its core infrastructure software business.

We see the stock’s premium valuation as justified by the greater visibility provided by its sole-sourced position at key silicon accounts and the mission-critical nature of its software portfolio.”

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 $326. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $315 target is 39% below the median, the lowest on the Street.

Since the note AVGO has moved +17% (from $278). The 12-month window closed on July 10, 2026.

Track record

This call✓ Target reached on September 5, 2025, 2 months after the note.

Firm track recordGoldman Sachs: 82% of its 28 targets at least a year old were reached within 12 months (#15 of 21 firms); on Broadcom, 3 of 3. Accuracy ranking →

Goldman Sachs on Broadcom

Goldman Sachs price targets on Broadcom

6 calls from July 10, 2025 to June 4, 2026. The target went from $315 to $525 (+67%). The rating stayed Buy.

Goldman Sachs targetAVGO share price
  1. June 4, 2026Target raised from $480 (+9%)Buy$525
  2. April 15, 2026Target raised from $435 (+10%)Buy$480
  3. November 26, 2025Target raised from $360 (+21%)Buy$435
  4. September 5, 2025Target raised from $340 (+6%)Buy$360
  5. August 13, 2025Target raised from $315 (+8%)Buy$340
  6. July 10, 2025 This noteEarliest call shownBuy$315
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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.