UBS Broadcom · AVGO

UBS Lowers Broadcom Price Target to $485

Analyst: Timothy Arcuri 1 min read Reproduced verbatim
Rating
Buy
Target
$485
from $490 (−1%)
Upside
+51%
AVGO at $322 today
UBS and Broadcom logos

What the analyst said

UBS analyst Timothy Arcuri lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $485.00 (from $490.00) while maintaining a Buy rating.

“Orders were very strong, but AVGO didn’t raise AI revenue for either F2026 or 2027 (disappointing especially when compared to peers) with the issue being mostly one of supply (back-end, we think).

Ultimately, there is not a ton here to sway our view materially in either direction as new agreements continue to expand custom ASIC engagements.

Net, we leave our F27/C27 AI revenue roughly unchanged at ~$135B/ $156B.

We raise C27 total revenue to ~$213B (from ~$205B) on stronger software, partially offset by modest margin pressure driving C27 EPS to $23.19 (vs. $23.84 prior). PT moves to $485 (from $490).”

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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 $322. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $485 target is 6% below the median.

Since the note AVGO has moved −33% (from $479). 12-month window: day 151 of 365, closes on June 4, 2027.

Track record

This callOpen: AVGO has not reached $485 yet. This 12-month target is scored on June 4, 2027.

Firm track recordUBS: 81% of its 52 targets at least a year old were reached within 12 months (#10 of 26 firms); on Broadcom, 3 of 3. Accuracy ranking →

Earnings reactionOne of 23 notes after Broadcom’s Jun 3 results: 15 raised · 1 cut · 5 kept. See every call →

UBS on Broadcom

UBS price targets on Broadcom

8 calls from December 12, 2025 to October 2, 2026. The target went from $472 to $470 (0%). The rating stayed Buy.

UBS targetAVGO share price
  1. October 2, 2026Target cut from $485 (−3%)Buy$470
  2. June 12, 2026Kept the $485 targetBuy$485
  3. June 4, 2026 This noteTarget cut from $490 (−1%)Buy$485
  4. May 18, 2026Target raised from $475 (+3%)Buy$490
  5. April 13, 2026Kept the $475 targetBuy$475
  6. February 10, 2026Kept the $475 targetBuy$475
  7. December 15, 2025Target raised from $472 (+1%)Buy$475
  8. December 12, 2025Earliest call shownBuy$472
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Other analysts on Broadcom

StoneXBuy Kept rating and price target Oct 27 $545maintained 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 Piper SandlerBuy Initiated coverage Sep 10 $460
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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.