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 3.40% upside from AVGO’s last price of $164.23) 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 3.40% upside from AVGO's last price of $164.23.
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 | - | - | 20.67% | 33.96% |
| Oct 11, 2024 | Vivek Arya | Bank of America Securities | - | - | 18.35% | 30.91% |
| Sep 06, 2024 | John Vinh | KeyBanc | - | - | 53.29% | 27.87% |
| Sep 06, 2024 | William Stein | Truist Financial | - | - | 33.49% | 24.22% |
| Sep 06, 2024 | Hans Mosesmann | Rosenblatt Securities | - | - | 57.05% | 46.14% |
| Sep 06, 2024 | Vijay Rakesh | Mizuho Securities | - | - | 24.33% | 15.69% |
| Sep 06, 2024 | Toshiya Hari | Goldman Sachs | - | - | 24.33% | 15.69% |
| Sep 06, 2024 | Joseph Moore | Morgan Stanley | - | - | 17.79% | 9.60% |
| Aug 27, 2024 | Aaron Rakers | Wells Fargo | - | - | 6.37% | 3.51% |
| Jul 15, 2024 | Rick Schafer | Oppenheimer | - | - | 16.67% | 21.78% |
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 33.96% increase from AVGO last price ($164.23).
Broadcom Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 9 | 45 |
| Avg Price Target | - | $202.11 | $176.25 |
| Last Closing Price | $164.23 | $164.23 | $164.23 |
| Upside/Downside | -100.00% | 23.07% | 7.32% |
In the current month, the average price target of Broadcom stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Broadcom's last price of $164.23. This month's average price target is down -100.00% compared to last quarter, and down -100.00% 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 | $18.15B | $17.09B | $16.58B | $16.44B | $16.15B | $15.26B | $14.65B | $14.61B | $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 | $19.22B | $18.10B | $17.56B | $17.41B | $17.10B | $16.16B | $15.51B | $15.14B | $14.24B | $12.98B | $12.06B | $11.79B | $9.30B | $9.37B | $9.22B | $9.42B | $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 | $17.40B | $16.39B | $15.89B | $15.77B | $15.48B | $14.63B | $14.04B | $14.14B | $14.01B | $12.97B | $12.06B | $11.79B | $9.27B | $8.49B | $8.34B | $8.53B | $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 | 20 | 10 | 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 | 20 | 10 | 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 | $9.33B | $8.79B | $8.52B | $8.45B | $8.30B | $7.84B | $7.53B | $7.51B | $7.23B | $6.67B | $5.10B | $6.06B | $4.77B | $4.55B | $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 | $9.88B | $9.30B | $9.02B | $8.95B | $8.79B | $8.31B | $7.97B | $7.78B | $7.32B | $6.67B | $6.12B | $6.06B | $4.78B | $4.82B | $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 | $8.94B | $8.42B | $8.17B | $8.10B | $7.96B | $7.52B | $7.22B | $7.27B | $7.20B | $6.67B | $4.08B | $6.06B | $4.76B | $4.36B | $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 % | - | - | - | - | - | - | - | - | - | - | - | 0.89% | - | - | - | - | - | - | 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 | 20 | 10 | 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 | $9.16B | $8.55B | $8.22B | $8.09B | $7.84B | $7.32B | $6.90B | $6.82B | $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 | $9.20B | $8.85B | $8.71B | $8.44B | $7.89B | $7.43B | $6.96B | $6.55B | $5.97B | $3.45B | $5.20B | $5.17B | $5.24B | $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 | $8.67B | $8.09B | $7.78B | $7.66B | $7.42B | $6.93B | $6.53B | $6.54B | $6.31B | $5.37B | $2.30B | $4.58B | $5.00B | $4.60B | $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 | 20 | 10 | 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 | $997.45M | $967.38M | $959.57M | $942.45M | $890.50M | $854.66M | $852.62M | $820.97M | $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 | $1.06B | $1.02B | $1.02B | $998.02M | $943.01M | $905.05M | $883.74M | $830.89M | $757.73M | $448.21M | $688.28M | $542.51M | $546.98M | $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 | $956.30M | $927.47M | $919.98M | $903.57M | $853.76M | $819.40M | $825.02M | $817.46M | $756.99M | $298.81M | $688.24M | $540.76M | $495.21M | $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 | 20 | 10 | 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 | $1.96 | $1.83 | $1.76 | $1.74 | $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 | $2.11 | $1.97 | $1.90 | $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 | $1.86 | $1.73 | $1.67 | $1.64 | $1.59 | $1.49 | $1.40 | $1.40 | $1.35 | $1.15 | $1.03 | $0.98 | $1.07 | $0.99 | $0.96 | $0.96 | $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).