Providing a diverse range of perspectives from bullish to bearish, 34 analysts have published ratings on Broadcom AVGO in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 15 | 18 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 3 | 3 | 0 | 0 | 0 |
| 3M Ago | 11 | 13 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $1553.29, a high estimate of $1720.00, and a low estimate of $1300.00. Witnessing a positive shift, the current average has risen by 14.88% from the previous average price target of $1352.04.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Broadcom among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| 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 | - |
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: 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 navigate through adjustments in price targets, providing estimates for Broadcom's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Broadcom's market standing. Stay informed and make data-driven decisions with 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.
A Deep Dive into Broadcom's Financials
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Broadcom's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.08%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Broadcom's ROE excels beyond industry benchmarks, reaching 2.81%. This signifies robust financial management and efficient use of shareholder equity capital.
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: With a high debt-to-equity ratio of 1.08, Broadcom faces challenges in effectively managing its debt levels, indicating potential financial strain.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
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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