- Erste Group upgrades Broadcom (AVGO, Financial) to Buy due to AI semiconductor growth potential.
- Analysts predict first-quarter earnings of $1.57 per share on $14.97 billion revenue.
- Average analyst price target of $243.29 suggests a 6.82% downside.
European investment firm, Erste Group, has elevated its rating for Broadcom Inc. (AVGO) to "Buy," underscoring its strong foothold in network applications and a promising trajectory in AI-related semiconductors. The tech giant is forecasted to deliver a robust fiscal first-quarter profit of $1.57 per share, complemented by a substantial revenue influx of $14.97 billion.
Wall Street Analysts Forecast
Wall Street analysts have set their sights on Broadcom's future, with one-year price targets from 36 analysts averaging at $243.29. These projections encompass a high estimate of $301.15 and a low of $171.60, indicating a potential downside of 6.82% from Broadcom's current standing of $261.08. For a deeper insight into these projections, explore the Broadcom Inc (AVGO, Financial) Forecast page.
The consensus among 42 brokerage firms reflects an average recommendation of 1.8 for Broadcom Inc. (AVGO, Financial), signifying an "Outperform" rating. This scale ranges from 1, representing a Strong Buy, to 5, indicating a Sell.
Delving into GuruFocus estimates, the anticipated GF Value for Broadcom Inc. (AVGO, Financial) over the next year stands at $150.21, suggesting a potential downside of 42.47% from its current price of $261.08. The GF Value is GuruFocus' assessment of the stock's fair trading value, developed from historical multiplicative metrics, previous growth patterns, and future business performance forecasts. For comprehensive data, visit the Broadcom Inc (AVGO) Summary page.
