DA Davidson Broadcom · AVGO

DA Davidson Lowers Broadcom Price Target to $350

Analyst: Gil Luria 1 min read Reproduced verbatim
Rating
Neutral
Target
$350
from $400 (−13%)
Outcome
Reached
on September 14, 2026
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What the analyst said

DA Davidson analyst Gil Luria lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $350 (from $400) while maintaining a Neutral rating.

“Shares are down after strong quarterly results, but near term revenue guidance failed to meet the high bar investors had.

In an effort to reaffirm the durability of their earnings, the company provided AI revenue guidance through 2028 that significantly beat prior expectations, with AI revenue doubling in 2027, and once more in 2028.

Broadcom custom XPUs are showing their relevance in the semiconductor market, growing 3.5x Y/Y and now making up 73% of AI revenue. We maintain our NEUTRAL rating and reduce our PT to $350 from $400.”

Disclaimer
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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 $352. The 21 analysts who set a target in the last 3 months range from $400 to $630, with a median of $515. This $350 target is 32% below the median, the lowest on the Street.

Since the note AVGO has moved −1% (from $357). 12-month window: day 54 of 365, closes on September 4, 2027.

Track record

This call✓ Target reached on September 14, 2026, 10 days after the note.

Firm track recordDA Davidson: 90% of its 10 targets at least a year old were reached within 12 months. Accuracy ranking →

Earnings reactionOne of 18 notes after Broadcom’s Sep 2 results: 7 raised · 5 cut · 5 kept. See every call →

DA Davidson on Broadcom

DA Davidson price targets on Broadcom

5 calls from February 12, 2026 to October 27, 2026. The target went from $335 to $400 (+19%). The rating moved from Hold to Buy.

DA Davidson targetAVGO share price
  1. October 27, 2026Upgraded to Buy, target raised from $350 (+14%)Buy$400
  2. September 4, 2026 This noteTarget cut from $400 (−13%)Hold$350
  3. June 4, 2026Target raised from $375 (+7%)Hold$400
  4. March 6, 2026Target raised from $335 (+12%)Hold$375
  5. February 12, 2026Earliest call shownHold$335
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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 KeyBancBuy Kept rating and price target Oct 27 $575maintained UBSBuy Kept rating and price target Oct 2 $470maintained
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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.