Quick Summary:
- Broadcom Inc. (AVGO, Financial) reported a significant 40.3% year-over-year revenue growth, unlocking potential in AI markets.
- Analysts project an average target price with a 25.01% upside, based on current estimates.
- Despite positive analysis, the GF Value suggests a potential downside of 22.19%.
Broadcom Inc. (AVGO), a frontrunner in the technology sector, has positioned itself as an aggressive growth stock with an impressive year-over-year revenue increase of 40.3%. The company is spearheading advancements in optical interconnect solutions, focusing on next-generation technologies such as co-packaged optics and PCIe Gen6 to elevate AI cluster performance.
Analyst Price Forecasts
The latest projections from 34 analysts set the average one-year price target for Broadcom Inc (AVGO, Financial) at $235.21, with anticipated high and low estimates of $300.00 and $171.60, respectively. This average target suggests a notable upside of 25.01% from the current share price of $188.15. For an in-depth view of these estimates, visit the Broadcom Inc (AVGO) Forecast page.
Brokerage Firm Recommendations
Broadcom Inc (AVGO, Financial) holds an enthusiastic "Outperform" status with an average brokerage recommendation score of 1.8, as analyzed from 40 brokerage firms. The scoring criterion ranges from 1 to 5, with 1 signifying a Strong Buy and 5 indicating a Sell.
Evaluating GF Value
According to GuruFocus estimates, the GF Value for Broadcom Inc (AVGO, Financial) in the upcoming year stands at $146.40. This assessment points to a potential downside of 22.19% relative to the present price of $188.15. The GF Value is a proprietary calculation by GuruFocus, reflecting the stock's fair value based on historical trading multiples, prior business growth, and forecasted company performance. More comprehensive data is accessible via the Broadcom Inc (AVGO) Summary page.
