Key Takeaways:
- J.P. Morgan maintains an Overweight rating for Broadcom (AVGO, Financial) due to strong AI demand.
- The stock's average one-year price target is $286.29, suggesting a potential upside.
- Consensus from 42 brokerage firms rates Broadcom (AVGO) as "Outperform."
J.P. Morgan's Enthusiastic Outlook on Broadcom
J.P. Morgan has reaffirmed its Overweight rating for Broadcom (NASDAQ: AVGO), attributing this stance to the robust demand in artificial intelligence (AI). The company's growth is significantly propelled by its custom AI XPU and networking portfolios. Furthermore, J.P. Morgan expects that Broadcom will continue to see revenue gains from VMware as well as a recovery in its non-AI sectors, maintaining a price target of $325.
Wall Street Analysts' Projections
According to the one-year price targets offered by 34 analysts, Broadcom Inc (AVGO, Financial) has an average target price of $286.29. Analysts provide a high estimate of $400.00 and a low estimate of $202.00. This average target price indicates a potential upside of 5.33% from the current market price of $271.80. For more comprehensive estimate data, visit the Broadcom Inc (AVGO) Forecast page.
Analysts' Consensus Ratings
The consensus recommendation from 42 brokerage firms places Broadcom Inc's (AVGO, Financial) average brokerage recommendation at 1.8, signifying an "Outperform" status. This rating scale ranges from 1 to 5, where 1 represents a Strong Buy, and 5 indicates a Sell, underscoring analysts' positive view of Broadcom's prospects.
GuruFocus Valuation Insights
According to GuruFocus estimates, the projected GF Value for Broadcom Inc (AVGO, Financial) over the next year is $187.96, suggesting a downside of 30.85% from the current price of $271.80. The GF Value is GuruFocus' estimation of the fair trading value of the stock, calculated from its historical trading multiples, prior business growth, and anticipated future performance. More detailed insights can be found on the Broadcom Inc (AVGO) Summary page.
