Bank of America adjusts Broadcom price target after Q2 earnings trigger 12.6% stock drop
By
Vuk Zdinjak
25d ago· 4 min readenNews
Summary
Broadcom (AVGO) stock dropped 12.59% on June 4 following the release of its Q2 FY26 earnings report, losing approximately $280 billion in market value. Despite the sharp decline, the stock remains up 21.04% year-to-date as of June 5, outperforming the S&P 500's 11.02% gain. Bank of America has reset its price target for Broadcom following the earnings release.
Source
bskyBank of America adjusts Broadcom price target after Q2 earnings trigger 12.6% stock dropbit.lyKey quotes
· 3 pulledBroadcom (AVGO) stock closed the June 4 trading session down 12.59% at $418.91.
The stock took a tumble following the release of the second-quarter (Q2) fiscal year 2026 (FY26) earnings report on June 3, and lost about $280 billion in market value, according to Yahoo Finance.
The stock is up 21.04% year to date, as of Friday morning, June 5.
Broadcom (AVGO) stock closed the June 4 trading session down 12.59% at $418.91.
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