Goldman Sachs Reiterates Buy Rating on Broadcom Limited (AVGO)

Goldman Sachs analyst James Schneider reiterated a Buy rating and $340.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "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."

For an analyst ratings summary and ratings history on Broadcom Limited click here. For more ratings news on Broadcom Limited click here.

Shares of Broadcom Limited closed at $312.83 yesterday.

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