Key Highlights:
- Broadcom CEO Hock Tan continues his trend of selling company stock, with a recent sale amounting to $10.73 million.
- Analysts set an average price target for Broadcom at $284.96, indicating potential for modest growth.
- GuruFocus metrics suggest a significant downside, estimating the GF Value at $187.96.
Broadcom Inc: Continued Insider Selling
In a notable trend, Broadcom (AVGO, Financial) CEO Hock Tan has continued to divest shares of the company, recently unloading $10.73 million worth. Tan sold 40,000 shares at $268.29 each, marking his fourth straight week of insider selling. Despite these sales, Tan retains a substantial stake in the company, holding 1.46 million shares.
Analysts' Outlook on Broadcom
Wall Street analysts have provided a range of projections for Broadcom Inc (AVGO, Financial), offering insights into its potential performance. From the assessments of 34 analysts, the average price target sits at $284.96. This represents an upside of 3.55% from the current share price of $275.18. The full range of projections sees a high of $400.00 and a low of $202.00. For a deeper dive into these numbers, visit the Broadcom Inc (AVGO) Forecast page.
The consensus recommendation from 42 brokerage firms is an average rating of 1.8 for Broadcom Inc (AVGO, Financial), suggesting an "Outperform" status. This rating scale indicates that analysts hold a generally positive outlook, with 1 being a Strong Buy and 5 a Sell.
GuruFocus Insights: GF Value Evaluation
Utilizing GuruFocus metrics, the estimated GF Value for Broadcom Inc (AVGO, Financial) in the coming year is $187.96. This suggests a potential downside of 31.7% from the current price of $275.18. The GF Value is derived from historical trading multiples, past business growth, and future performance projections. For more in-depth analysis, please visit the Broadcom Inc (AVGO) Summary page.
