Across the recent three months, 31 analysts have shared their insights on Broadcom AVGO, expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 17 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 11 | 13 | 1 | 0 | 0 |
| 2M Ago | 1 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $1512.81, a high estimate of $1700.00, and a low estimate of $1300.00. Witnessing a positive shift, the current average has risen by 15.04% from the previous average price target of $1315.00.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Broadcom by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tom O'Malley | Barclays | Announces | Overweight | $1405.00 | - |
| Christopher Danely | Citigroup | Raises | Buy | $1560.00 | $1100.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $1600.00 | - |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $1550.00 | $1325.00 |
| Tristan Gerra | Baird | Raises | Outperform | $1500.00 | $1265.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $1500.00 | - |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $1600.00 | - |
| Vijay Rakesh | Mizuho | Raises | Buy | $1625.00 | $1550.00 |
| Harsh Kumar | Piper Sandler | Raises | Overweight | $1650.00 | $1250.00 |
| William Stein | Truist Securities | Raises | Buy | $1566.00 | $1240.00 |
| Rick Schafer | Oppenheimer | Maintains | Outperform | $1500.00 | $1500.00 |
| Christopher Rolland | Susquehanna | Raises | Positive | $1650.00 | $1550.00 |
| Matthew Ramsay | TD Cowen | Raises | Market Perform | $1400.00 | $1000.00 |
| Aaron Rakers | Wells Fargo | Raises | Overweight | $1430.00 | $1200.00 |
| Vedvati Shrotre | Jefferies | Raises | Buy | $1616.00 | $1035.00 |
| Vivek Arya | B of A Securities | Raises | Buy | $1680.00 | $1500.00 |
| Timothy Arcuri | UBS | Raises | Buy | $1610.00 | $1480.00 |
| Harlan Sur | JP Morgan | Raises | Overweight | $1700.00 | $1550.00 |
| Stacy Rasgon | Bernstein | Raises | Outperform | $1600.00 | $1250.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $1550.00 | $1450.00 |
| C J Muse | Cantor Fitzgerald | Raises | Overweight | $1600.00 | $1300.00 |
| Hans Mosesmann | Rosenblatt | Raises | Buy | $1500.00 | $1160.00 |
| Rick Schafer | Oppenheimer | Raises | Outperform | $1500.00 | $1100.00 |
| Christopher Rolland | Susquehanna | Raises | Positive | $1550.00 | $1400.00 |
| Timothy Arcuri | UBS | Raises | Buy | $1480.00 | $1475.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $1300.00 | - |
| Vijay Rakesh | Mizuho | Raises | Buy | $1450.00 | $1250.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $1300.00 | - |
| C J Muse | Cantor Fitzgerald | Maintains | Overweight | $1300.00 | - |
| C J Muse | Cantor Fitzgerald | Announces | Overweight | $1300.00 | - |
| Toshiya Hari | Goldman Sachs | Announces | Buy | $1325.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Broadcom. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Broadcom compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Broadcom's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Broadcom's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Broadcom analyst ratings.
About Broadcom
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.
Broadcom: Delving into Financials
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Broadcom's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 34.17%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Broadcom's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 11.08%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Broadcom's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.81%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Broadcom's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.06%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Broadcom's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.08, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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