- Broadcom (AVGO, Financial) is strategically positioned to harness the growing demand for AI-specific integrated circuits.
- Jefferies raises Broadcom's price target to $315, reflecting optimism in AI and networking sectors.
- Analysts suggest a moderate upside, but GuruFocus metrics indicate potential overvaluation.
Broadcom (AVGO) is optimally positioned to capitalize on its robust foothold in the AI application-specific integrated circuit (ASIC) market, focusing on prominent developers of large language models. In light of the burgeoning demand for AI, Jefferies has revised its price target for Broadcom upward to $315, underscoring opportunities in both ASICs and networking solutions.
Wall Street Analysts Forecast
According to projections from 34 analysts, the average one-year price target for Broadcom Inc (AVGO, Financial) stands at $284.82, with upper and lower forecasts at $400.00 and $202.00, respectively. This average target suggests a potential upside of 5.74% from the current price of $269.35. Investors can delve deeper into these estimates by visiting the Broadcom Inc (AVGO) Forecast page.
Broadcom Inc (AVGO, Financial) enjoys an "Outperform" recommendation, with the consensus from 42 brokerage firms placing its average brokerage recommendation at 1.8. This rating falls on a scale where 1 indicates Strong Buy, and 5 is indicative of a Sell.
On the GuruFocus platform, projections suggest the estimated GF Value for Broadcom Inc (AVGO, Financial) in one year is $185.23. This estimation implies a downside of 31.23% from the current price of $269.35. The GF Value represents GuruFocus' fair value estimate, derived from the stock's historical trading multiples, past business growth, and anticipated future performance. For further insights, consider visiting the Broadcom Inc (AVGO) Summary page.
