Broadcom (AVGO)
NASDAQ:AVGO

Broadcom (AVGO) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

AVGO Analyst Ratings

Strong Buy
4Ratings
4 Buy
0 Hold
0 Sell
Based on 4 analysts giving stock ratings to
Broadcom
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

AVGO Stock 12 Months Forecast

Average Price Target

$666.25
▲(26.71% Upside)
Based on 4 Wall Street analysts offering 12 month price targets for Broadcom in the last 3 months. The average price target is $666.25 with a high forecast of $725.00 and a low forecast of $575.00. The average price target represents a 26.71% change from the last price of $525.82.
Highest Price Target$725.00Average Price Target$666.25Lowest Price Target$575.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
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Article
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Charter Equity
Buy
Reiterated
New Buy Rating for Broadcom (AVGO), the Technology Giant
Robert W. Baird
$700.00
Buy
33.13%
Upside
Reiterated
Broadcom (AVGO): New Buy Recommendation for This Technology Giant
Oppenheimer
$700.00
Buy
33.13%
Upside
Reiterated
Broadcom Limited (AVGO) Management Meeting Highlights VMWare Plan - OppenheimerThe analyst stated "VMWs mission-critical vSphere is ubiquitous (300,000 customers) and comes with a full ecosystem, fitting the profile of a franchise asset. vSphere platform market share tops 95%. Deal is expected to close in FY23 following regulatory approvals. Post-close, AVGO will utilize a proven playbook to 1) focus on core products/customers and 2) reduce non-core costs/improve profitability. We expect divesitures to play a role in cost-reduction efforts as mgmt streamlines to focus on 1,500 strategic accounts. We believe Carbon Black (Security) and Tanzu (DevOps) are potential "for sale" assets. AVGO believes it can increase $4.7B EBITDA (~36%) today to $8.5B (65%). This target is 500bp below CA/SYMCs 70% margin given the need to support VMWs large, long-tailed customer base."
Credit Suisse
$640.00
Buy
21.71%
Upside
Reiterated
Broadcom (AVGO) Received its Third Buy in a Row
J.P. Morgan
$715.00
Buy
35.98%
Upside
Reiterated
Broadcom price target raised to $715 from $700 at JPMorganBroadcom price target raised to $715 from $700 at JPMorgan
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AVGO Financial Forecast

AVGO Earnings Forecast
Next quarter’s earnings estimate for AVGO is $10.29 with a range of $10.10 to $10.52. The previous quarter’s EPS was $9.73. AVGO beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.70% of the time in the same period. In the last calendar year AVGO has Outperformed its overall industry.
Next quarter’s earnings estimate for AVGO is $10.29 with a range of $10.10 to $10.52. The previous quarter’s EPS was $9.73. AVGO beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.70% of the time in the same period. In the last calendar year AVGO has Outperformed its overall industry.
AVGO Sales Forecast
Next quarter’s sales forecast for AVGO is $8.90B with a range of $8.81B to $8.95B. The previous quarter’s sales results were $8.46B. AVGO beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.12% of the time in the same period. In the last calendar year AVGO has Outperformed its overall industry.
Next quarter’s sales forecast for AVGO is $8.90B with a range of $8.81B to $8.95B. The previous quarter’s sales results were $8.46B. AVGO beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.12% of the time in the same period. In the last calendar year AVGO has Outperformed its overall industry.
AVGO Analyst Recommendation Trends
In the current month, AVGO has received 2 Buy ratings 0 Hold ratings, and 0 Sell ratings. The AVGO average analyst price target in the past 3 months is $666.25
In the current month, AVGO has received 2 Buy ratings 0 Hold ratings, and 0 Sell ratings. The AVGO average analyst price target in the past 3 months is $666.25

AVGO Stock Forecast FAQ

What is AVGO’s average 12-month price target, according to analysts?
Based on analyst ratings, Broadcom’s 12-month average price target is $666.25.
    What is AVGO’s upside potential, based on the analysts’ average price target?
    Broadcom has 26.71% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is AVGO a Buy, Sell or Hold?
          Broadcom has a conensus rating of Strong Buy which is based on 4 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Broadcom’s price target?
            The average price target for Broadcom is $666.25. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $725.00 ,the lowest forecast is $575.00. The average price target represents 26.71% Increase from the current price of $525.82.
              What do analysts say about Broadcom?
              Broadcom’s analyst rating consensus is a ‘Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.

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