$AVGO QuantLogix Newsdesk · June 4, 2026 at 2:27 PM UTC

Broadcom AVGO Drops 15% on AI Guidance Miss; Goldman Raises Target to $525

What happened

Broadcom shares fell roughly 15% after the company's AI-related forward guidance disappointed the market. Goldman Sachs responded by lifting its price target on AVGO to $525, a level the bank says represents approximately 30% upside from recent trading prices. Goldman maintained its Buy rating on the stock. The guidance shortfall was specifically tied to AI revenue projections. No change to Goldman's fundamental thesis on the company was indicated alongside the target revision.

The QL Read

QuantLogix composite on AVGO sits at 53/100 (Buy) with the stock at $368.20, up 2.63% on the session. Watch whether the composite holds above 50 in coming sessions — a slip below that threshold would signal deteriorating factor breadth despite the Goldman target raise.

Source: Benzinga — "Broadcom Stock Plunges 15% After Weak AI Guidance — Goldman Hikes Target To $525, Sees Nearly 30% Upside" — 2026-06-04T12:42:57Z

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