
Broadcom (AVGO) Stock Forecast & Price Target
Broadcom (AVGO) Analyst Ratings
Bulls say
Broadcom's outlook remains positive, driven by anticipated fourth-quarter semiconductor revenue growth to approximately $10.7 billion, with significant contributions expected from AI semiconductor sales projected to enhance annual revenues substantially, aiming for around $34.7 billion by FY26. The company's total revenue forecast for the October quarter is $17.4 billion, reflecting a 24% year-over-year increase, bolstered by strong demand for AI and virtualization software, which contributed to a robust total contract value of over $8.4 billion in Q3. Furthermore, Broadcom's infrastructure software segment is also expected to grow 15% year-over-year, highlighting steady performance amidst a strategic focus on AI and continuous share gains in key customer segments.
Bears say
Broadcom has reported sequential declines in its Enterprise Networking and Server Storage businesses, with its guidance for F4Q reflecting an earnings per share (EPS) estimate of $1.86, which is slightly below previous expectations. The company's reliance on key customers, particularly Apple and Cisco, along with potential competitive pressures and demand shifts in the semiconductor market, heightens the risk scenario, particularly in light of macroeconomic uncertainties. Additionally, expectations of a decrease in gross margins and reliance on a limited product mix raise concerns regarding Long-term revenue stability and financial robustness.
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
Start investing in Broadcom (AVGO)
Order type
Buy in
Order amount
Est. shares
0 shares