- Broadcom (AVGO, Financial) announces a $10 billion share buyback, boosting its stock.
- Analysts predict a potential 51% upside for AVGO, with price targets ranging up to $300.
- Despite bullish outlooks, GuruFocus estimates a possible 9% downside based on GF Value.
Broadcom (AVGO) has embarked on a significant financial strategy by launching a $10 billion share repurchase program, which has invigorated investor interest and driven a rise in its stock price. Although AVGO has faced some recent declines, it is demonstrating potential support near $135. Technical analysts suggest that this rally might be the beginning of an upward trend. Meanwhile, options strategies are being considered to capitalize on AVGO's volatility.
Wall Street Analysts Forecast
According to the latest one-year price targets from 33 analysts, Broadcom Inc (AVGO, Financial) has an average target price of $243.70, with predictions ranging from a high of $300.00 to a low of $171.60. This average target indicates a promising upside of 51.02% from the current stock price of $161.37. Investors looking for more in-depth estimate data can visit the Broadcom Inc (AVGO) Forecast page.
Broadcom's (AVGO, Financial) performance is further highlighted by the consensus recommendation from 39 brokerage firms, which places the company in the "Outperform" category with an average recommendation score of 1.8. This rating uses a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
Additionally, GuruFocus provides an estimated GF Value for Broadcom Inc (AVGO, Financial) in one year, which is currently projected to be $146.74. This suggests a possible downside of 9.07% from the present price of $161.37. The GF Value is GuruFocus' proprietary calculation of a stock's fair trading value, determined by analyzing historical trading multiples, past business growth, and future business performance predictions. For a more comprehensive overview, the Broadcom Inc (AVGO) Summary page offers detailed data.
