Highlights:
- Broadcom unveils Tomahawk 6 switch, setting a new benchmark for AI performance.
- Wall Street analysts provide varied price targets for Broadcom's stock.
- Gurufocus forecasts significant valuation insights for potential investors.
Broadcom (AVGO, Financial) has taken a groundbreaking step in AI technology by launching the Tomahawk 6 switch. This powerful device offers an impressive 102.4 Terabits per second of capacity, currently the highest available in the market. This innovative chip is poised to transform AI infrastructure, potentially accelerating the deployment of large AI clusters. Broadcom is set to announce its earnings on June 5, which could further impact its market trajectory.
Wall Street Analysts Forecast
Delve into the diverse predictions from 36 analysts for Broadcom Inc (AVGO, Financial), where the average target price stands at $243.29. Forecasts span from a high of $301.15 to a low of $171.60. These estimates suggest a potential downside of 3.01% from the current trading price of $250.83. For a deeper analysis, refer to the detailed projections on the Broadcom Inc (AVGO) Forecast page.
Analyst Recommendations
Broadcom Inc's (AVGO, Financial) consensus recommendation from 42 brokerages indicates an "Outperform" status, with an average rating of 1.8. This rating scale, ranging from 1 (Strong Buy) to 5 (Sell), underscores the stock's favorable outlook among analysts.
GuruFocus Valuation Insights
According to GuruFocus, the estimated GF Value for Broadcom Inc (AVGO, Financial) one year from now is projected at $150.22, indicating a potential downside of 40.11% from its current price of $250.83. The GF Value provides an assessment of the stock's fair trading value, computed through historical trade multiples, past business growth, and future business performance estimates. Investors can explore more comprehensive data on the Broadcom Inc (AVGO) Summary page.
