The Broadcom Inc (AVGO) share price is expected to increase by 11.46% over the next year. This is based on calculating the average 12-month share price estimate provided by 29 stock analysts who have covered AVGO. Price targets range from $156.21 at the low end to $240 at the high end. The current analyst consensus for AVGO is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
AVGO is a stock in Technology which has been forecasted to be worth $196.42 as an average. On the higher end, the forecast price is $240 USD by John Vinh from Keybanc and on the lower end AVGO is forecasted to be $156.21 by from .
These are the latest 20 analyst ratings of AVGO.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Timothy Arcuri UBS | Buy | $200 | Maintains | Nov 4, 2024 |
Vijay Rakesh Mizuho | Outperform | $220 | Maintains | Oct 14, 2024 |
C J Muse Cantor Fitzgerald | Overweight | $225 | Maintains | Oct 8, 2024 |
William Stein Truist Securities | Buy | $205 | Maintains | Oct 8, 2024 |
Sebastien Naji William Blair | Outperform | Initiates | Sep 18, 2024 | |
Timothy Arcuri UBS | Buy | $170 | Maintains | Sep 9, 2024 |
Hans Mosesmann Rosenblatt | Buy | $240 | Maintains | Sep 6, 2024 |
C J Muse Cantor Fitzgerald | Overweight | $200 | Reiterates | Sep 6, 2024 |
Cody Acree Benchmark | Buy | $210 | Reiterates | Sep 6, 2024 |
Toshiya Hari Goldman Sachs | Buy | $190 | Maintains | Sep 6, 2024 |
Joseph Moore Morgan Stanley | Overweight | $180 | Maintains | Sep 6, 2024 |
Harlan Sur JP Morgan | Overweight | $210 | Maintains | Sep 6, 2024 |
C J Muse Cantor Fitzgerald | Overweight | $200 | Maintains | Jul 17, 2024 |
C J Muse Cantor Fitzgerald | Overweight | $2000 | Maintains | Jul 16, 2024 |
Rick Schafer Oppenheimer | Outperform | $200 | Maintains | Jul 16, 2024 |
Matthew Ramsay TD Cowen | Buy | $210 | Maintains | Jul 16, 2024 |
Hans Mosesmann Rosenblatt | Buy | $2400 | Maintains | Jul 11, 2024 |
Vivek Arya B of A Securities | Buy | $2150 | Reiterates | Jun 24, 2024 |
Christopher Danely Citigroup | Buy | $1750 | Maintains | Jun 14, 2024 |
Aaron Rakers Wells Fargo | Equal-Weight | $1700 | Maintains | Jun 13, 2024 |
When did it IPO
2009
Staff Count
20,000
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. Hock E. Tan
Market Cap
$823.05B
In 2023, AVGO generated $35.82B in revenue, which was a increase of 7.88% from the previous year. This can be seen as a signal that AVGO's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Broadcom Inc. (NASDAQ: AVGO) will report its Q4 and fiscal year 2024 financial results on December 12, 2024, after market close.
Why It Matters - Broadcom's upcoming financial results announcement could influence stock performance and market sentiment, impacting investment decisions and valuations.
Summary - Broadcom Inc. (AVGO) closed at $176.07, down 1.59% from the previous day's close.
Why It Matters - Broadcom's 1.59% decline in stock price may indicate market volatility or investor concerns, impacting sentiment and potential future performance in the tech sector.
Summary - Griffin's hedge fund increased investments in AI stocks Palantir and Broadcom, but reduced its stake in a key AI company.
Why It Matters - Griffin's increased investment in AI stocks like Palantir and Broadcom, coupled with a reduction in the leading AI company's shares, signals a shift in market sentiment and strategy that could influence stock performance.
Summary - OpenAI has shifted from building its own AI chip foundries to collaborating with tech companies like Amazon and Alphabet, while still aiming to produce its own chips to reduce reliance on NVIDIA.
Why It Matters - OpenAI's shift to partner with tech giants for AI chip production indicates a strategic move to reduce dependence on NVIDIA, impacting competition and supply chains in the semiconductor market.
Summary - OpenAI shifts from building its own AI chip foundries to collaborating with tech companies, while aiming to produce its own chips to lessen dependence on NVIDIA.
Why It Matters - OpenAI's shift to partnerships for AI chip production signals potential competitive pressure on NVIDIA, impacting its market position and affecting tech stock valuations.
Summary - Broadcom stock is approaching a breakout due to significant demand from major funds, similar to Nvidia's performance. Monitor its chart for potential trends.
Why It Matters - Broadcom's rising demand from top funds signals potential price appreciation, similar to Nvidia's trajectory, indicating strong market interest and possible growth opportunities.