In recent stock market developments, Mizuho Securities has updated its price target for Broadcom (AVGO, Financial), raising it from $250.00 to $300.00 USD. This represents a notable 20% increase in the target price, highlighting increased confidence in the company's stock performance.
Maintaining an "Outperform" rating, analyst Vijay Rakesh of Mizuho continues to see a positive outlook for Broadcom (AVGO, Financial). The rating remains unchanged from the previous assessment, indicating consistent expectations for the company's future growth potential.
This adjustment in the price target by Mizuho reflects a strengthened outlook on Broadcom's (AVGO, Financial) market position and performance. Investors and market watchers will be closely monitoring how these projections play out in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 35 analysts, the average target price for Broadcom Inc (AVGO, Financial) is $236.46 with a high estimate of $300.00 and a low estimate of $171.60. The average target implies an downside of 0.79% from the current price of $238.35. More detailed estimate data can be found on the Broadcom Inc (AVGO) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Broadcom Inc's (AVGO, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Broadcom Inc (AVGO, Financial) in one year is $148.01, suggesting a downside of 37.9% from the current price of $238.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Broadcom Inc (AVGO) Summary page.
