Broadcom Inc. (AVGO)
NASDAQ: AVGO · IEX Real-Time Price · USD
1,294.42
+37.60 (2.99%)
At close: Apr 25, 2024, 4:00 PM
1,303.00
+8.58 (0.66%)
After-hours: Apr 25, 2024, 7:59 PM EDT
Broadcom Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for Broadcom stock have an average target of 1,516, with a low estimate of 1000 and a high estimate of 1,720. The average target predicts an increase of 17.10% from the current stock price of 1,294.42.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Broadcom stock from 26 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 8 | 9 | 10 | 11 | 11 |
| Buy | 7 | 7 | 8 | 8 | 13 | 14 |
| Hold | 3 | 4 | 4 | 4 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 16 | 19 | 21 | 22 | 25 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $1,405 → $1,500 | Buy | Maintains | $1,405 → $1,500 | +15.88% | Apr 17, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Initiates $1,620 | Buy | Initiates | $1,620 | +25.15% | Apr 16, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $1,500 | Strong Buy | Initiates | $1,500 | +15.88% | Apr 8, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $1,720 | Strong Buy | Reiterates | $1,720 | +32.88% | Mar 21, 2024 |
| JP Morgan | JP Morgan | Buy Reiterates $1,700 | Buy | Reiterates | $1,700 | +31.33% | Mar 21, 2024 |
Financial Forecast
Revenue This Year
51.36B
from 35.82B
Increased by 43.40%
Revenue Next Year
58.33B
from 51.36B
Increased by 13.57%
EPS This Year
47.85
from 32.98
Increased by 45.09%
EPS Next Year
58.09
from 47.85
Increased by 21.40%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 54.4B | 64.7B | 73.4B | 65.1B |
| Avg | 51.4B | 58.3B | 63.7B | 63.2B |
| Low | 48.5B | 53.3B | 56.8B | 60.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 51.8% | 26.1% | 25.8% | 2.1% |
| Avg | 43.4% | 13.6% | 9.2% | -0.8% |
| Low | 35.5% | 3.8% | -2.6% | -4.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 52.58 | 67.89 | 80.66 | 57.47 |
| Avg | 47.85 | 58.09 | 63.29 | 55.82 |
| Low | 34.86 | 44.45 | 53.80 | 53.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 59.4% | 41.9% | 38.9% | -9.2% |
| Avg | 45.1% | 21.4% | 8.9% | -11.8% |
| Low | 5.7% | -7.1% | -7.4% | -15.3% |
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.