Broadcom Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Broadcom Inc. AVGO will release its first-quarter financial results, after the closing bell, on Thursday, March 6.

Analysts expect the Palo Alto, California-based company to report quarterly earnings at $1.51 per share, up from $1.1 per share in the year-ago period. Broadcom projects quarterly revenue of $14.59 billion, compared to $11.96 billion a year earlier, according to data from Benzinga Pro.

The company missed analyst estimates for revenue in the fourth quarter, while it has beaten estimates in eight of the last 10 quarters.

Broadcom shares fell 5.7% to trade at $180.67 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Joseph Moore maintained an Overweight rating and cut the price target from $265 to $246 on Jan. 28, 2025. This analyst has an accuracy rate of 69%.
• Mizuho analyst Vijay Rakesh maintained an Outperform rating and boosted the price target from $245 to $260 on Jan. 10, 2025. This analyst has an accuracy rate of 74%.
• JP Morgan analyst Harlan Sur maintained an Overweight rating and increased the price target from $210 to $250 on Dec. 13, 2024. This analyst has an accuracy rate of 77%.
• TD Cowen analyst Matthew Ramsay maintained a Buy rating and raised the price target from $210 to $240 on Dec. 13, 2024. This analyst has an accuracy rate of 71%.
• Benchmark analyst Cody Acree reiterated a Buy rating and raised the price target from $210 to $255 on Dec. 13, 2024. This analyst has an accuracy rate of 65%.

Considering buying AVGO stock? Here’s what analysts think:

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