Expert Ratings For Broadcom

In the latest quarter, 9 analysts provided ratings for Broadcom AVGO, showcasing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated Broadcom and provided 12-month price targets. The average target is $1111.11, accompanied by a high estimate of $1325.00 and a low estimate of $1000.00. Witnessing a positive shift, the current average has risen by 13.09% from the previous average price target of $982.50.

Interpreting Analyst Ratings: A Closer Look

The perception of Broadcom by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Broadcom. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Broadcom compared to the broader market.
• Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Broadcom's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Broadcom's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Broadcom analyst ratings.

Unveiling the Story Behind 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's Economic Impact: An Analysis

Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.

Revenue Growth: Over the 3 months period, Broadcom showcased positive performance, achieving a revenue growth rate of 4.09% as of 31 October, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Broadcom's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 37.91% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Broadcom's ROE excels beyond industry benchmarks, reaching 15.3%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Broadcom's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.88% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Broadcom's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.64, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

What Are 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.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.