Beyond The Numbers: 34 Analysts Discuss Broadcom Stock

Loading...
Loading...

Providing a diverse range of perspectives from bullish to bearish, 34 analysts have published ratings on Broadcom AVGO in the last three months.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 15 18 1 0 0
Last 30D 1 0 0 0 0
1M Ago 0 2 0 0 0
2M Ago 3 3 0 0 0
3M Ago 11 13 1 0 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $1553.29, a high estimate of $1720.00, and a low estimate of $1300.00. Witnessing a positive shift, the current average has risen by 14.88% from the previous average price target of $1352.04.

Exploring Analyst Ratings: An In-Depth Overview

The standing of Broadcom among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Blayne Curtis Jefferies Lowers Buy $1550.00 $1616.00
Tom O'Malley Barclays Raises Overweight $1500.00 $1405.00
Matthew Prisco Evercore ISI Group Announces Outperform $1620.00 -
Ross Seymore Deutsche Bank Announces Buy $1500.00 -
Cody Acree Benchmark Maintains Buy $1720.00 -
Harlan Sur JP Morgan Maintains Overweight $1700.00 $1700.00
Hans Mosesmann Rosenblatt Maintains Buy $1500.00 -
Matthew Ramsay TD Cowen Raises Outperform $1500.00 $1400.00
Tom O'Malley Barclays Announces Overweight $1405.00 -
Christopher Danely Citigroup Raises Buy $1560.00 $1100.00
C J Muse Cantor Fitzgerald Maintains Overweight $1600.00 -
Toshiya Hari Goldman Sachs Raises Buy $1550.00 $1325.00
Tristan Gerra Baird Raises Outperform $1500.00 $1265.00
Hans Mosesmann Rosenblatt Maintains Buy $1500.00 -
C J Muse Cantor Fitzgerald Maintains Overweight $1600.00 -
Vijay Rakesh Mizuho Raises Buy $1625.00 $1550.00
Harsh Kumar Piper Sandler Raises Overweight $1650.00 $1250.00
William Stein Truist Securities Raises Buy $1566.00 $1240.00
Rick Schafer Oppenheimer Maintains Outperform $1500.00 $1500.00
Christopher Rolland Susquehanna Raises Positive $1650.00 $1550.00
Matthew Ramsay TD Cowen Raises Market Perform $1400.00 $1000.00
Aaron Rakers Wells Fargo Raises Overweight $1430.00 $1200.00
Vedvati Shrotre Jefferies Raises Buy $1616.00 $1035.00
Vivek Arya B of A Securities Raises Buy $1680.00 $1500.00
Timothy Arcuri UBS Raises Buy $1610.00 $1480.00
Harlan Sur JP Morgan Raises Overweight $1700.00 $1550.00
Stacy Rasgon Bernstein Raises Outperform $1600.00 $1250.00
Vijay Rakesh Mizuho Raises Buy $1550.00 $1450.00
C J Muse Cantor Fitzgerald Raises Overweight $1600.00 $1300.00
Hans Mosesmann Rosenblatt Raises Buy $1500.00 $1160.00
Rick Schafer Oppenheimer Raises Outperform $1500.00 $1100.00
Christopher Rolland Susquehanna Raises Positive $1550.00 $1400.00
Timothy Arcuri UBS Raises Buy $1480.00 $1475.00
C J Muse Cantor Fitzgerald Maintains Overweight $1300.00 -

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Broadcom. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Broadcom compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Broadcom's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Broadcom's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Broadcom analyst ratings.

Get to Know Broadcom Better

Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.

A Deep Dive into Broadcom's Financials

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Revenue Growth: Broadcom's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 34.17%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Broadcom's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.08%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): Broadcom's ROE excels beyond industry benchmarks, reaching 2.81%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Broadcom's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.06%, the company may face hurdles in achieving optimal financial returns.

Debt Management: With a high debt-to-equity ratio of 1.08, Broadcom faces challenges in effectively managing its debt levels, indicating potential financial strain.

Analyst Ratings: What Are They?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst RatingsBZI-AAR
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...