Broadcom (AVGO) Stock Forecast, Price Target & Predictions
AVGO Stock Forecast
Broadcom stock forecast is as follows: an average price target of $169.81 (represents a 0.69% upside from AVGO’s last price of $168.65) and a rating consensus of 'Buy', based on 30 wall street analysts offering a 1-year stock forecast.
AVGO Price Target
The average price target for Broadcom (AVGO) is $169.81 based on 1-year price targets from 30 Wall Street analysts in the past 3 months, with a price target range of $240.00 to $61.50. This represents a potential 0.69% upside from AVGO's last price of $168.65.
AVGO Analyst Ratings
According to 30 Wall Street analysts, Broadcom's rating consensus is 'Buy'. The analyst rating breakdown for AVGO stock is 0 'Strong Buy' (0.00%), 26 'Buy' (86.67%), 4 'Hold' (13.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Broadcom Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 14, 2024 | Vijay Rakesh | Mizuho Securities | $220.00 | $182.31 | 20.67% | 30.45% |
| Oct 11, 2024 | Vivek Arya | Bank of America Securities | $215.00 | $181.67 | 18.35% | 27.48% |
| Sep 06, 2024 | John Vinh | KeyBanc | $210.00 | $137.00 | 53.29% | 24.52% |
| Sep 06, 2024 | William Stein | Truist Financial | $204.00 | $152.82 | 33.49% | 20.96% |
| Sep 06, 2024 | Hans Mosesmann | Rosenblatt Securities | $240.00 | $152.82 | 57.05% | 42.31% |
| Sep 06, 2024 | Vijay Rakesh | Mizuho Securities | $190.00 | $152.82 | 24.33% | 12.66% |
| Sep 06, 2024 | Toshiya Hari | Goldman Sachs | $190.00 | $152.82 | 24.33% | 12.66% |
| Sep 06, 2024 | Joseph Moore | Morgan Stanley | $180.00 | $152.82 | 17.79% | 6.73% |
| Aug 27, 2024 | Aaron Rakers | Wells Fargo | $170.00 | $159.81 | 6.37% | 0.80% |
| Jul 15, 2024 | Rick Schafer | Oppenheimer | $200.00 | $171.42 | 16.67% | 18.59% |
The latest Broadcom stock forecast, released on Oct 14, 2024 by Vijay Rakesh from Mizuho Securities, set a price target of $220.00, which represents a 20.67% increase from the stock price at the time of the forecast ($182.31), and a 30.45% increase from AVGO last price ($168.65).
Broadcom Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 9 | 45 |
| Avg Price Target | $217.50 | $202.11 | $176.25 |
| Last Closing Price | $168.65 | $168.65 | $168.65 |
| Upside/Downside | 28.97% | 19.84% | 4.51% |
In the current month, the average price target of Broadcom stock is $217.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 28.97% increase as opposed to Broadcom's last price of $168.65. This month's average price target is up 7.61% compared to last quarter, and up 23.40% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 11, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Oct 08, 2024 | Cantor Fitzgerald | Overweight | Overweight | Hold |
| Oct 07, 2024 | Jefferies | Buy | Buy | Hold |
| Sep 18, 2024 | William Blair | - | Outperform | Initialise |
| Sep 16, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Sep 06, 2024 | Cantor Fitzgerald | Overweight | Overweight | Hold |
| Sep 06, 2024 | Benchmark | Overweight | Overweight | Hold |
| Sep 06, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Sep 06, 2024 | Benchmark | Buy | Buy | Hold |
| Sep 06, 2024 | Citigroup | Buy | Buy | Hold |
Broadcom's last stock rating was published by Bank of America Securities on Oct 11, 2024. The company gave AVGO a "Buy" rating, the same as its previous rate.
Broadcom Financial Forecast
Broadcom Revenue Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $11.96B | - | - | - | - | - | - | $8.10B | - | - | $6.78B | $6.61B | - | $6.47B | $5.82B | $5.74B | $5.86B | $5.78B | $5.51B |
| Avg Forecast | $18.17B | $17.07B | $16.56B | $16.44B | $16.12B | $15.26B | $14.68B | $14.64B | $14.07B | $12.98B | $12.06B | $11.79B | $9.28B | $8.85B | $8.70B | $8.90B | $8.90B | $8.41B | $7.91B | $7.61B | $7.36B | $6.76B | $6.51B | $6.62B | $6.43B | $5.76B | $5.69B | $5.99B | $5.77B | $5.52B |
| High Forecast | $19.23B | $18.06B | $17.52B | $17.39B | $17.05B | $16.15B | $15.53B | $15.18B | $14.24B | $12.98B | $12.06B | $11.79B | $9.30B | $9.37B | $9.21B | $9.41B | $9.37B | $8.81B | $8.29B | $7.97B | $7.71B | $7.08B | $6.82B | $6.93B | $6.74B | $6.04B | $5.97B | $6.28B | $6.04B | $5.78B |
| Low Forecast | $17.49B | $16.43B | $15.94B | $15.82B | $15.51B | $14.69B | $14.13B | $14.17B | $14.01B | $12.97B | $12.06B | $11.79B | $9.27B | $8.52B | $8.38B | $8.56B | $8.47B | $8.01B | $7.53B | $7.24B | $7.00B | $6.43B | $6.19B | $6.30B | $6.12B | $5.49B | $5.42B | $5.71B | $5.49B | $5.25B |
| # Analysts | 15 | 9 | 9 | 15 | 8 | 10 | 16 | 18 | 19 | 9 | 14 | 8 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 8 | 8 | 8 | 9 | 15 | 8 | 15 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | - | - | - | - | - | 1.02% | - | - | 1.00% | 1.02% | - | 1.01% | 1.01% | 1.01% | 0.98% | 1.00% | 1.00% |
Broadcom's average Quarter revenue forecast for May 24 based on 14 analysts is $12.06B, with a low forecast of $12.06B, and a high forecast of $12.06B. AVGO's average Quarter revenue forecast represents a 0.80% increase compared to the company's last Quarter revenue of $11.96B (Feb 24).
Broadcom EBITDA Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 9 | 15 | 8 | 10 | 16 | 18 | 19 | 9 | 14 | 8 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 8 | 8 | 8 | 9 | 15 | 8 | 15 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $5.40B | - | - | - | - | - | - | $4.59B | - | - | $3.67B | $3.48B | - | $3.17B | $2.83B | $2.68B | $2.50B | $2.45B | $2.40B |
| Avg Forecast | $9.52B | $8.94B | $8.68B | $8.61B | $8.44B | $7.99B | $7.69B | $7.67B | $7.37B | $6.80B | $5.10B | $6.18B | $4.86B | $4.64B | $4.63B | $4.47B | $4.66B | $4.41B | $4.21B | $3.98B | $3.85B | $3.54B | $3.46B | $3.47B | $3.37B | $3.02B | $2.48B | $3.14B | $3.02B | $2.89B |
| High Forecast | $10.07B | $9.46B | $9.18B | $9.11B | $8.93B | $8.46B | $8.14B | $7.95B | $7.46B | $6.80B | $6.12B | $6.18B | $4.87B | $4.91B | $5.56B | $5.37B | $4.91B | $4.62B | $5.06B | $4.18B | $4.04B | $3.71B | $4.15B | $3.63B | $3.53B | $3.16B | $2.98B | $3.29B | $3.17B | $3.03B |
| Low Forecast | $9.16B | $8.61B | $8.35B | $8.29B | $8.13B | $7.69B | $7.40B | $7.42B | $7.34B | $6.80B | $4.08B | $6.18B | $4.85B | $4.46B | $3.71B | $3.58B | $4.44B | $4.20B | $3.37B | $3.79B | $3.67B | $3.37B | $2.77B | $3.30B | $3.21B | $2.88B | $1.98B | $2.99B | $2.88B | $2.75B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.87% | - | - | - | - | - | - | 1.09% | - | - | 1.04% | 1.01% | - | 0.94% | 0.94% | 1.08% | 0.79% | 0.81% | 0.83% |
14 analysts predict AVGO's average Quarter EBITDA for May 24 to be $5.10B, with a high of $6.12B and a low of $4.08B. This is -5.56% lower than Broadcom's previous annual EBITDA (Feb 24) of $5.40B.
Broadcom Net Income Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 9 | 15 | 8 | 10 | 16 | 18 | 19 | 9 | 14 | 8 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 8 | 8 | 8 | 9 | 15 | 8 | 15 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $1.32B | - | - | - | - | - | - | $2.59B | - | - | $1.88B | $1.49B | - | $1.32B | $688.00M | $563.00M | $385.00M | $847.00M | $715.00M |
| Avg Forecast | $9.17B | $8.53B | $8.21B | $8.09B | $7.84B | $7.33B | $6.91B | $6.83B | $6.50B | $5.67B | $2.88B | $4.83B | $5.11B | $4.86B | $2.61B | $2.17B | $4.79B | $4.46B | $2.38B | $3.79B | $3.61B | $3.21B | $1.37B | $3.06B | $2.91B | $2.44B | $390.78M | $2.49B | $2.51B | $2.39B |
| High Forecast | $9.86B | $9.18B | $8.83B | $8.70B | $8.43B | $7.88B | $7.43B | $6.97B | $6.54B | $5.97B | $3.45B | $5.20B | $5.17B | $5.23B | $3.14B | $2.60B | $5.12B | $4.74B | $2.85B | $4.03B | $3.83B | $3.41B | $1.64B | $3.25B | $3.10B | $2.60B | $468.93M | $2.64B | $2.67B | $2.54B |
| Low Forecast | $8.72B | $8.12B | $7.81B | $7.69B | $7.46B | $6.97B | $6.57B | $6.54B | $6.31B | $5.37B | $2.30B | $4.60B | $5.00B | $4.63B | $2.09B | $1.73B | $4.49B | $4.18B | $1.90B | $3.55B | $3.38B | $3.01B | $1.09B | $2.87B | $2.73B | $2.29B | $312.62M | $2.33B | $2.36B | $2.24B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.27% | - | - | - | - | - | - | 1.09% | - | - | 0.58% | 1.09% | - | 0.45% | 0.28% | 1.44% | 0.15% | 0.34% | 0.30% |
Broadcom's average Quarter net income forecast for May 24 is $2.88B, with a range of $2.30B to $3.45B. AVGO's average Quarter net income forecast represents a 117.08% increase compared to the company's last Quarter net income of $1.32B (Feb 24).
Broadcom SG&A Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 9 | 15 | 8 | 10 | 16 | 18 | 19 | 9 | 14 | 8 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 8 | 8 | 8 | 9 | 15 | 8 | 15 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $1.29B | - | - | - | - | - | - | $368.00M | - | - | $346.00M | $325.00M | - | $405.00M | $428.00M | $501.00M | $601.00M | $409.00M | $410.00M |
| Avg Forecast | $1.06B | $995.95M | $966.44M | $959.30M | $940.51M | $890.46M | $856.44M | $854.46M | $821.18M | $757.36M | $373.51M | $688.26M | $541.35M | $516.52M | $339.55M | $367.35M | $519.42M | $490.81M | $308.68M | $443.87M | $429.28M | $394.19M | $336.42M | $386.16M | $375.14M | $336.40M | $610.02M | $349.82M | $336.46M | $321.85M |
| High Forecast | $1.12B | $1.05B | $1.02B | $1.02B | $995.19M | $942.23M | $906.23M | $885.65M | $831.11M | $757.73M | $448.21M | $688.28M | $542.51M | $546.55M | $407.46M | $440.82M | $546.71M | $514.34M | $370.42M | $465.15M | $449.87M | $413.10M | $403.70M | $404.68M | $393.13M | $352.53M | $732.02M | $366.59M | $352.60M | $337.29M |
| Low Forecast | $1.02B | $958.59M | $930.19M | $923.31M | $905.23M | $857.05M | $824.31M | $826.81M | $817.68M | $756.99M | $298.81M | $688.24M | $540.76M | $497.14M | $271.64M | $293.88M | $494.28M | $467.31M | $246.95M | $422.61M | $408.73M | $375.32M | $269.13M | $367.67M | $357.18M | $320.29M | $488.02M | $333.07M | $320.35M | $306.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.87% | - | - | - | - | - | - | 1.19% | - | - | 0.88% | 0.97% | - | 1.08% | 1.27% | 0.82% | 1.72% | 1.22% | 1.27% |
Broadcom's average Quarter SG&A projection for May 24 is $373.51M, based on 14 Wall Street analysts, with a range of $298.81M to $448.21M. The forecast indicates a -70.98% fall compared to AVGO last annual SG&A of $1.29B (Feb 24).
Broadcom EPS Forecast
| Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 15 | 9 | 9 | 15 | 8 | 10 | 16 | 18 | 19 | 9 | 14 | 8 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 8 | 8 | 8 | 9 | 15 | 8 | 15 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $2.84 | - | - | - | - | - | - | $6.14 | - | - | $4.37 | $3.45 | - | $3.08 | $1.52 | $1.22 | $0.78 | $2.06 | $1.80 |
| Avg Forecast | $1.97 | $1.83 | $1.76 | $1.73 | $1.68 | $1.57 | $1.48 | $1.46 | $1.39 | $1.22 | $1.09 | $1.04 | $1.10 | $1.04 | $1.01 | $1.02 | $1.03 | $0.96 | $0.87 | $0.81 | $0.77 | $0.69 | $0.64 | $0.66 | $0.62 | $0.52 | $0.51 | $0.53 | $0.54 | $0.51 |
| High Forecast | $2.12 | $1.97 | $1.89 | $1.87 | $1.81 | $1.69 | $1.59 | $1.49 | $1.40 | $1.28 | $1.17 | $1.12 | $1.11 | $1.12 | $1.09 | $1.09 | $1.10 | $1.02 | $0.93 | $0.86 | $0.82 | $0.73 | $0.68 | $0.70 | $0.66 | $0.56 | $0.55 | $0.57 | $0.57 | $0.55 |
| Low Forecast | $1.87 | $1.74 | $1.68 | $1.65 | $1.60 | $1.49 | $1.41 | $1.40 | $1.35 | $1.15 | $1.03 | $0.99 | $1.07 | $0.99 | $0.96 | $0.97 | $0.96 | $0.90 | $0.82 | $0.76 | $0.73 | $0.65 | $0.60 | $0.62 | $0.59 | $0.49 | $0.48 | $0.50 | $0.51 | $0.48 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 2.74% | - | - | - | - | - | - | 7.05% | - | - | 6.35% | 5.36% | - | 4.93% | 2.90% | 2.37% | 1.46% | 3.82% | 3.51% |
According to 14 Wall Street analysts, Broadcom's projected average Quarter EPS for May 24 is $1.09, with a low estimate of $1.03 and a high estimate of $1.17. This represents a -61.80% decrease compared to AVGO previous annual EPS of $2.84 (Feb 24).
Broadcom Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| INTC | Intel | $22.52 | $36.21 | 60.79% | Hold |
| MU | Micron | $101.73 | $136.50 | 34.18% | Buy |
| AMD | Advanced Micro Devices | $140.71 | $176.11 | 25.16% | Buy |
| MRVL | Marvell | $84.38 | $87.03 | 3.14% | Buy |
| AVGO | Broadcom | $168.55 | $169.81 | 0.75% | Buy |
| TSM | Taiwan Semiconductor Manufacturing Company | $191.56 | $183.75 | -4.08% | Buy |
| NVDA | NVIDIA | $136.05 | $126.97 | -6.67% | Buy |
AVGO Forecast FAQ
Is Broadcom a good buy?
Yes, according to 30 Wall Street analysts, Broadcom (AVGO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 26 'Buy' recommendations, accounting for 86.67% of AVGO's total ratings.
What is AVGO's price target?
Broadcom (AVGO) average price target is $169.81 with a range of $61.5 to $240, implying a 0.69% from its last price of $168.65. The data is based on 30 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Broadcom stock go up soon?
According to Wall Street analysts' prediction for AVGO stock, the company can go up by 0.69% (from the last price of $168.65 to the average price target of $169.81), up by 42.31% based on the highest stock price target, and down by -63.53% based on the lowest stock price target.
Can Broadcom stock reach $300?
AVGO's average twelve months analyst stock price target of $169.81 does not support the claim that Broadcom can reach $300 in the near future.
What is Broadcom's current price target trend?
2 Wall Street analysts forecast a $217.5 price target for Broadcom (AVGO) this month, up 28.97% from its last price of $168.65. Compared to the last 3 and 12 months, the average price target increased by 19.84% and increased by 4.51%, respectively.
Did the AVGO's actual financial results beat the analysts' financial forecasts?
In terms of the last quarterly report (Feb 2024), Broadcom's revenue was $11.96B, beating the average analysts' forecast of $11.79B by 1.41%. The company's EBITDA was $5.4B, missing the average prediction of $6.18B by -12.64%. Broadcom's net income was $1.32B, missing the average estimation of $4.83B by -72.59%. The company's SG&A was $1.29B, beating the average forecast of $688.26M by 86.99%. Lastly, the company's EPS was $2.84, beating the average prediction of $1.04 by 173.93%