Key Highlights:
- Broadcom (AVGO, Financial) surpasses Q2 expectations with a non-GAAP EPS of $1.58 and $15 billion in revenue.
- Analysts set an average one-year price target of $243.29, suggesting a potential downside.
- GuruFocus estimates Broadcom's GF Value indicates a significant downside potential of 42.18%.
Broadcom Inc. (AVGO) recently announced its second-quarter financial results, which have exceeded Wall Street's forecasts. The semiconductor giant reported a non-GAAP earnings per share of $1.58, surpassing projections by a modest margin of $0.01. Furthermore, the company's revenue hit $15 billion, outpacing expectations by $30 million. Despite these robust figures, the stock has experienced some downward pressure.
Wall Street Analysts' Projections
The consensus among 36 analysts suggests that the average target price for Broadcom Inc. (AVGO, Financial) over the next year is $243.29, with the highest estimate being $301.15 and the lowest at $171.60. This average target suggests a potential downside of 6.40% from the current price of $259.93. For more comprehensive estimate data, visit the Broadcom Inc (AVGO) Forecast page.
Brokerage Firms' Recommendations
Broadcom Inc. holds an average brokerage recommendation of 1.8 based on the consensus from 42 brokerage firms, translating to an "Outperform" status. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), reflecting a generally positive outlook from analysts.
GuruFocus GF Value Analysis
According to GuruFocus estimates, the estimated GF Value for Broadcom Inc. in the upcoming year is $150.28. This implies a substantial downside of 42.18% from the current price of $259.93. The GF Value is a proprietary estimate of what the stock should be traded at, calculated using historical trading multiples, previous business growth, and future business performance projections. Additional data and insights are available on the Broadcom Inc (AVGO, Financial) Summary page.
