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Dec 12, 2025 4:00 PM

Broadcom Stock Slides After Strong Earnings: Analysts Boost Targets On $73B AI Backlog, New Customers

Broadcom Inc (NASDAQ:AVGO) shares tanked in early trading on Friday, even after the company on Thursday reported upbeat fiscal fourth-quarter earnings.

• Broadcom shares are retreating from recent levels. What’s behind AVGO decline?

Here are some key analyst takeaways:

BofA Securities analyst Vivek Arya maintained a Buy rating, while raising the price target from $460 to $500.

Goldman Sachs analyst James Schneider reiterated a Buy rating, while lifting the price target from $435 to $450.

Benchmark analyst Cody Acree reaffirmed a Buy rating, while taking the price target higher from $385 to $485.

Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating, while raising price target from $440 to $450.

Check out other analyst stock ratings.

BofA Securities: Broadcom reported AI backlogs of $73 billion for the next six months, topping consensus of $69 billion, Arya said in the note. The company's backlog and order visibility continue to increase, and management suggested $50-$100 ...