
Broadcom (AVGO) Stock Forecast & Price Target
Broadcom (AVGO) Analyst Ratings
Bulls say
Broadcom has demonstrated strong financial performance, highlighted by a 57% operating margin in its semiconductor segment, alongside a 3% year-over-year increase in operating expenses due to heightened investment in R&D. The company's Infrastructure Software revenue surged to $6.7 billion, reflecting an impressive 47% annual growth, bolstered by successful deals, particularly within its VMware division. Furthermore, Broadcom's AI revenue is projected to reach $4.4 billion in the second quarter, marking a 9% sequential increase and a 44% year-on-year rise, positioning it favorably within the rapidly expanding AI market.
Bears say
Broadcom is projected to experience a sequential revenue decline of 3% to $6.5 billion in the second quarter, driven by seasonal weakness in its Wireless business, which typically faces declines due to its reliance on Apple as its largest customer. The company's non-AI Enterprise Networking revenue remained flat in the first quarter and is expected to stagnate through at least the first half of the year, indicating ongoing challenges with excess inventories. Despite a reduction in gross debt to $68.8 billion, any significant decrease in cash flow or inability to meet debt obligations could negatively impact Broadcom’s financial stability and outlook.
This aggregate rating is based on analysts' research of Broadcom and is not a guaranteed prediction by Public.com or investment advice.
Broadcom (AVGO) Analyst Forecast & Price Prediction
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