Broadcom Stock Forecast

Stock Price Forecast

The 27 analysts with 12-month price forecasts for Broadcom stock have an average target of 1,739, with a low estimate of 1000 and a high estimate of 2,150. The average target predicts an increase of 4.89% from the current stock price of 1,657.48.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$1000	$1,739	$1,750	$2,150
Change	-39.67%	+4.89%	+5.58%	+29.71%

Analyst Ratings

The average analyst rating for Broadcom stock from 29 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	9	10	11	11	12	14
Buy	8	8	12	13	13	13
Hold	4	4	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	21	22	25	26	27	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vivek Arya B of A Securities	B of A Securities	Strong Buy Reiterates $2,000 → $2,150	Strong Buy	Reiterates	$2,000 → $2,150	+29.71%	Jun 24, 2024
Christopher Danely Citigroup	Citigroup	Strong Buy Maintains $1,560 → $1,750	Strong Buy	Maintains	$1,560 → $1,750	+5.58%	Jun 14, 2024
Matthew Ramsay TD Cowen	TD Cowen	Strong Buy Maintains $1,500 → $1,750	Strong Buy	Maintains	$1,500 → $1,750	+5.58%	Jun 13, 2024
Aaron Rakers Wells Fargo	Wells Fargo	Hold Maintains $1,430 → $1,700	Hold	Maintains	$1,430 → $1,700	+2.57%	Jun 13, 2024
Timothy Arcuri UBS	UBS	Strong Buy Maintains $1,610 → $1,735	Strong Buy	Maintains	$1,610 → $1,735	+4.68%	Jun 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

52.01B

from 35.82B

45.20%

from 35.82B

Revenue Next Year

59.95B

from 52.01B

15.26%

from 52.01B

EPS This Year

48.18

from 32.98

46.09%

from 32.98

EPS Next Year

59.52

from 48.18

23.54%

from 48.18

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	22.60B	23.89B	27.45B	33.20B	35.82B	52.01B	59.95B	65.56B	87.50B	96.87B
Revenue Growth	8.39%	5.71%	14.91%	20.96%	7.88%	45.20%	15.26%	9.36%	33.48%	10.70%
EPS	6.43	6.33	15.00	26.53	32.98	48.18	59.52	66.61	101.20	115.41
EPS Growth	-77.39%	-1.56%	136.97%	76.87%	24.31%	46.09%	23.54%	11.91%	51.93%	14.04%
Forward PE	-	-	-	-	-	34.40	27.85	24.88	16.38	14.36
No. Analysts	-	-	-	-	-	40	40	20	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	54.9B	68.8B	78.9B	90.1B	99.7B
Avg	52.0B	59.9B	65.6B	87.5B	96.9B
Low	49.0B	53.3B	56.8B	84.1B	93.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	53.2%	32.2%	31.6%	37.4%	14.0%
Avg	45.2%	15.3%	9.4%	33.5%	10.7%
Low	36.8%	2.5%	-5.2%	28.2%	6.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	52.08	73.16	87.50	104.18	118.81
Avg	48.18	59.52	66.61	101.20	115.41
Low	34.86	44.45	53.80	97.24	110.89

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	57.9%	51.9%	47.0%	56.4%	17.4%
Avg	46.1%	23.5%	11.9%	51.9%	14.0%
Low	5.7%	-7.7%	-9.6%	46.0%	9.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.