6 Analysts Rate Broadcom: What You Need to Know – Broadcom (NASDAQ: AVGO )
Broadcom has been rated by 6 analysts over the past three months AVGOoffering a variety of views ranging from bullish to bearish.
The table below provides a snapshot of their most recent ratings, showing how sentiment has changed over the past 30 days and comparing it to previous months.
| bullish | somewhat bullish | indifferent | A bit bearish | Bearish | |
|---|---|---|---|---|---|
| Overall rating | 4 | 2 | 0 | 0 | 0 |
| last 30 days | 1 | 0 | 0 | 0 | 0 |
| 1 million years ago | 1 | 0 | 0 | 0 | 0 |
| 2M ago | 1 | 1 | 0 | 0 | 0 |
| 3M ago | 1 | 1 | 0 | 0 | 0 |
Analysts recently reviewed Broadcom and provided 12-month price targets. The average target is $215.83, with the highest estimate at $240.00 and the lowest estimate at $200.00. The current average price is up 9.84%, surpassing the previous average price target of $196.50.
Surveying Analyst Ratings: An Exhaustive Study
A comprehensive examination of how financial experts view Broadcom comes from recent analyst action. Here’s a detailed summary of the leading analysts, their most recent assessments, and ratings and price target changes.
| analyst | Analyst Company | action taken | grade | Current price target | Previous price target |
|---|---|---|---|---|---|
| Hans Mossmann | Rosenblatt | maintain | purchase | $240.00 | $240.00 |
| Christopher Danieli | Citigroup | improve | purchase | $205.00 | $175.00 |
| Timothy Arcuri | UBS | improve | purchase | $200.00 | $170.00 |
| Vijay Rakesh | Mizuho | improve | Outperform | $220.00 | $190.00 |
| CJ Muse | Cantor Fitzgerald | improve | overweight | $225.00 | $200.00 |
| William Stein | trust securities | improve | purchase | $205.00 | $204.00 |
Key insights:
- Action taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they “maintain,” “raise,” or “lower” their stance reflects their reaction to the latest developments related to Broadcom. This information provides a snapshot of how analysts view a company’s current situation.
- grade: Analysts provide forecast insights, with qualitative ratings ranging from “Outperform” to “Underperform.” These ratings convey expectations for Broadcom’s relative performance relative to the broader market.
- Price target: Analysts explore the dynamics of price targets, providing estimates of Broadcom stock’s future value. This examination reveals how analyst expectations have changed over time.
A look at these analyst reviews, along with other financial metrics, can help get a complete picture of Broadcom’s market position. Stay informed and make data-driven decisions with our ratings tables.
Stay up to date with the latest ratings from Broadcom analysts.
Learn more about Broadcom’s background
Broadcom is the world’s sixth-largest semiconductor company and has expanded into various software businesses, with annual revenue exceeding $30 billion. The company sells 17 core semiconductor product lines covering wireless, networking, broadband, storage and industrial markets. It is primarily a fabless design company but also has some in-house manufacturing capabilities, such as best-in-class FBAR filters sold to Apple iPhones. On the software side, it sells virtualization, infrastructure and security software to large enterprises, financial institutions and governments. Its business is a merger of former companies such as Broadcom and Avago Technologies in the chip field and Brocade, CA Technologies and Symantec in the software field.
Knowing the Numbers: Broadcom’s Financials
Market value analysis: With its high market capitalization, the company stands out above the industry average, demonstrating tremendous scale and market recognition.
Revenue growth: Broadcom’s revenue growth over the past three months has been eye-catching. As of July 31, 2024, the company has achieved a revenue growth rate of approximately 47.27%. This shows that the company’s revenue has grown significantly. Compared with its peers, the company’s growth rate is higher than the average among peers in the information technology industry.
net income: Broadcom’s net profit margin is lower than the industry average, indicating potential challenges in maintaining strong profitability. Net profit is -14.34%, Companies may face barriers to effective cost management.
Return on Equity (ROE): Broadcom’s ROE lags the industry average, indicating challenges in maximizing return on equity. The return on equity is -2.77%, Companies may face obstacles in achieving optimal financial performance.
Return on assets (ROA): Broadcom’s ROA is below the industry average, indicating challenges in effectively utilizing assets. ROA is -1.09%, The company may face obstacles in obtaining optimal returns from its assets.
Debt Management: Broadcom’s debt-to-equity ratio is significantly higher than the industry average. The ratio is 1.07the company is highly dependent on borrowed funds and has higher financial risks.
Analyst Ratings: What Are They?
Analysts are experts in banking and financial systems who specialize in reporting on specific stocks or specific industries. Their comprehensive research includes attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to produce what are known as analyst ratings for stocks. Typically, analysts evaluate and rate each stock on a quarterly basis.
Some analysts will also provide forecasts on metrics such as growth expectations, earnings and revenue to provide further guidance for the stock. Investors who use analyst ratings should note that these professional recommendations come from humans and are subject to error.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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