Broadcom (AVGO) Stock Forecast & Price Target

$164.74 -0.08 (-0.05%)

(As of 11/26/2024 ET)

Broadcom - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 25 Analyst Ratings

Sell
0

Hold
1

Buy
24

Based on 25 Wall Street analysts who have issued ratings for Broadcom in the last 12 months, the stock has a consensus rating of "Buy." Out of the 25 analysts, 1 has given a hold rating, 23 have given a buy rating, and 1 has given a strong buy rating for AVGO.

Consensus Price Target

$195.96
18.95% Upside

According to the 25 analysts' twelve-month price targets for Broadcom, the average price target is $195.96. The highest price target for AVGO is $240.00, while the lowest price target for AVGO is $150.00. The average price target represents a forecasted upside of 18.95% from the current price of $164.74.

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AVGO Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	23 Buy rating(s)	24 Buy rating(s)	26 Buy rating(s)	14 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$195.96	$191.54	$173.41	$85.80
Forecasted Upside	18.95% Upside	10.72% Upside	9.63% Upside	-9.70% Downside
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy

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AVGO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AVGO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Broadcom Stock vs. The Competition

Type	Broadcom	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.68	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	19.36% Upside	526.21% Upside	6.90% Upside
News Sentiment Rating	Very Positive News See Recent AVGO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/4/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$170.00 ➝ $200.00	+16.61%
10/14/2024	Mizuho 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$190.00 ➝ $220.00	+21.23%
10/8/2024	Cantor Fitzgerald 3 of 5 stars	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$200.00 ➝ $225.00	+24.38%
10/8/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$204.00 ➝ $205.00	+15.90%
9/18/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Naji Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
9/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
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9/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$200.00 ➝ $210.00	+52.11%
9/6/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$2,400.00 ➝ $240.00	+72.97%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$176.00 ➝ $180.00	+29.81%
9/6/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$210.00 ➝ $210.00	+37.42%
9/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$185.00 ➝ $190.00	+24.33%
7/16/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$2,000.00 ➝ $200.00	+19.67%
6/24/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$200.00 ➝ $215.00	+31.77%
6/13/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$143.00 ➝ $170.00	+0.37%
6/13/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$160.00 ➝ $195.00	+16.07%
6/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$150.00 ➝ $200.00	+19.05%
6/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$155.00 ➝ $205.00	+19.74%
6/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$162.00 ➝ $201.00	+34.40%
6/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$165.00 ➝ $200.00	+33.73%
6/11/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$156.00 ➝ $156.00	+8.30%
6/3/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Reitzes Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$185.00	+41.45%
4/8/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$150.00	+11.99%
2/28/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$140.00 ➝ $155.00	+20.16%
12/8/2023	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
11/24/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$100.00 ➝ $120.00	+23.46%
9/5/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$90.00 ➝ $100.00	+14.61%
9/1/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$89.00 ➝ $100.00	+8.36%
9/1/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$3.30 ➝ $4.40	-95.23%
7/19/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
3/2/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform
2/28/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$66.00	+10.78%
12/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$54.00 ➝ $55.50	+1.14%
12/5/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive	$68.00 ➝ $65.00	+20.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:08 PM ET.

Should I Buy Broadcom Stock? AVGO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Broadcom pros and cons to contact@marketbeat.com.

Broadcom
Bull Case

Here are some ways that investors could benefit from investing in Broadcom:

Broadcom's stock is currently trading at $164.79, showing resilience in a fluctuating market, which may indicate strong investor confidence.
The company has received multiple recent upgrades from analysts, with Mizuho raising their price target to $220.00, suggesting potential for significant price appreciation.
Broadcom reported a quarterly revenue of $13.07 billion, exceeding analysts' expectations, which reflects strong operational performance and demand for its products.
Insider trading activity shows confidence, with the CEO recently selling shares but still holding a substantial position, indicating a belief in the company's long-term value.
The semiconductor industry is experiencing growth, and Broadcom's diverse product offerings position it well to capitalize on this trend, particularly in high-demand areas like 5G and cloud computing.

Broadcom
Bear Case

Investors should be bearish about investing in Broadcom for these reasons:

Despite recent upgrades, Broadcom's stock has seen a decline of approximately 1.1% recently, which may raise concerns about short-term volatility.
The company has a high price-to-earnings (P/E) ratio of 142.05, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Insider sales have totaled 311,080 shares in the last 90 days, which could signal a lack of confidence among insiders regarding the stock's future performance.
Broadcom's debt-to-equity ratio stands at 1.02, indicating that the company has a significant amount of debt relative to its equity, which could pose risks in a rising interest rate environment.
Recent downgrades from some analysts, including a shift from "buy" to "hold," may indicate a cautious outlook on the stock's near-term performance.

AVGO Forecast - Frequently Asked Questions

: According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Broadcom is $195.96, with a high forecast of $240.00 and a low forecast of $150.00.
: 25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There is currently 1 hold rating, 23 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AVGO shares.
: According to analysts, Broadcom's stock has a predicted upside of 18.95% based on their 12-month stock forecasts.
: Over the previous 90 days, Broadcom's stock had 1 upgrade by analysts.
: Broadcom has been rated by research analysts at Benchmark, Cantor Fitzgerald, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Rosenblatt Securities, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and William Blair in the past 90 days.
: Analysts like Broadcom more than other "computer and technology" companies. The consensus rating for Broadcom is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how AVGO compares to other companies.

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This page (NASDAQ:AVGO) was last updated on 11/26/2024 by MarketBeat.com Staff

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Broadcom (AVGO) Stock Forecast & Price Target