- Broadcom's CEO reduces his shares significantly, indicating key insider trading activity.
- Analysts foresee a potential upside in Broadcom's stock price, despite insider sales.
- GuruFocus metrics suggest a notable downside risk based on GF Value estimates.
Broadcom's (AVGO, Financial) President and CEO, Hock Tan, has recently divested shares valued at $29.78 million. The sale involved 117,758 shares at $252.91 each, reducing his stake to 1.73 million shares. This significant insider trading activity warrants attention from investors in the technology sector.
Analysts' Perspectives on Broadcom's Stock
The one-year price targets provided by 34 analysts for Broadcom Inc (AVGO, Financial) suggest an average target price of $272.72, with extremes ranging from a high of $340.00 to a low of $181.25. These projections indicate a potential upside of 9.09% from the current trading price of $249.99. For a deeper dive into these estimates, visit the Broadcom Inc (AVGO) Forecast page.
Brokerage Firm Recommendations
From the perspective of 41 brokerage firms, Broadcom Inc's (AVGO, Financial) average recommendation stands at 1.8. This rating, interpreted as "Outperform," falls within a scale where 1 reflects a Strong Buy and 5 indicates a Sell.
Understanding Broadcom's GF Value Estimate
According to GuruFocus estimates, the projected GF Value for Broadcom Inc (AVGO, Financial) within a year is $184.76. This suggests a downside potential of 26.09% from the current price of $249.99. The GF Value is an assessment of the stock's fair trading value, calculated based on historical price multiples, past business growth, and future performance projections. For more detailed information, consult the Broadcom Inc (AVGO) Summary page.
