Broadcom Stock Drops 2.82% Despite Bullish Analyst Outlook

On September 2, 2025, Broadcom's stock experienced a 2.82% drop in pre-market trading, reflecting a significant decline in investor sentiment.

Analysts have expressed a strong bullish outlook on Broadcom, with a consensus rating of "Strong Buy" based on 27 Buy recommendations and two Hold recommendations. This positive sentiment is driven by the company's robust financial performance and strategic initiatives.

Goldman Sachs analyst James Schneider reiterated a Buy rating on AVGO stock with a price target of $340, highlighting the company's strong growth prospects and potential for further gains. Schneider's optimistic outlook is supported by Broadcom's innovative product offerings and expanding market presence.

Looking ahead, forecast models anticipate AVGO trading between $296 and $348 in 2025, with analysts grouping price targets in the $310–$315 range. This suggests a moderate upward trajectory for the stock, driven by the company's continued growth and market leadership.