Goldman Sachs Broadcom · AVGO

Goldman Sachs Maintains Buy on Broadcom, $340 Price Target

Analyst: James Schneider 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$340
Outcome
Reached
on September 8, 2025
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What the analyst said

Goldman Sachs analyst James Schneider reiterated a Buy rating and $340 price target on Broadcom Limited (NASDAQ: AVGO).

“We expect investors to focus on near-term XPU revenue contribution in FY3Q/4Q, any update on FY26 AI revenue guidance, incremental details on new XPU customer engagements and forward gross margin trajectory.

We believe expectations are elevated heading into the quarter, but many investors are positioned cautiously given elevated valuation, Street (VA) numbers which incorporate healthy growth in 2026, and few near-term catalysts.

We expect an in-line quarter and guidance, but think commentary on FY26 AI revenue expectations could move the stock – with three focus areas on the call: (1) potential upside to FY26 AI revenue guidance; (2) XPU contributions expected in 3Q/4Q; (3) pace of recovery in enterprise business.”

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 $340 target is 34% below the median, the lowest on the Street.

Since the note AVGO has moved +4% (from $313). The 12-month window closed on August 13, 2026.

Track record

This call✓ Target reached on September 8, 2025, 26 days 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, 2025 This noteTarget raised from $315 (+8%)Buy$340
  6. July 10, 2025Earliest 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.