29 analysts have expressed a variety of opinions on Broadcom AVGO over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 14 | 14 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 11 | 12 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Broadcom, revealing an average target of $1576.97, a high estimate of $1850.00, and a low estimate of $1400.00. This upward trend is evident, with the current average reflecting a 15.25% increase from the previous average price target of $1368.30.
Investigating Analyst Ratings: An Elaborate Study
A comprehensive examination of how financial experts perceive Broadcom is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ben Reitzes | Melius Research | Announces | Buy | $1850.00 | - |
| Blayne Curtis | Jefferies | Lowers | Buy | $1550.00 | $1616.00 |
| Tom O'Malley | Barclays | Raises | Overweight | $1500.00 | $1405.00 |
| Matthew Prisco | Evercore ISI Group | Announces | Outperform | $1620.00 | - |
| Ross Seymore | Deutsche Bank | Announces | Buy | $1500.00 | - |
| Cody Acree | Benchmark | Maintains | Buy | $1720.00 | - |
| Harlan Sur | JP Morgan | Maintains | Overweight | $1700.00 | $1700.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $1500.00 | - |
| Matthew Ramsay | TD Cowen | Raises | Outperform | $1500.00 | $1400.00 |
| 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 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Broadcom compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Broadcom's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of Broadcom's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Broadcom analyst ratings.
Get to Know Broadcom Better
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.
Key Indicators: Broadcom's Financial Health
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Broadcom's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 34.17%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.08%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.81%, the company may need to address challenges in generating satisfactory returns for shareholders.
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 stands notably higher than the industry average, reaching 1.08. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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