Broadcom (AVGO) Stock Forecast & Price Target

$220.79 +2.47 (+1.13%)

(As of 12/20/2024 05:45 PM ET)

Broadcom - Analysts' Recommendations and Stock Price Forecast (2025)

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

Moderate Buy

Based on 26 Analyst Ratings

Sell
0

Hold
2

Buy
24

Based on 26 Wall Street analysts who have issued ratings for Broadcom in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 2 have given a hold rating, and 24 have given a buy rating for AVGO.

Consensus Price Target

$221.88
0.49% Upside

According to the 26 analysts' twelve-month price targets for Broadcom, the average price target is $221.88. The highest price target for AVGO is $265.00, while the lowest price target for AVGO is $170.00. The average price target represents a forecasted upside of 0.49% from the current price of $220.79.

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AVGO Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	24 Buy rating(s)	24 Buy rating(s)	24 Buy rating(s)	15 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$221.88	$192.79	$189.23	$94.47
Forecasted Upside	0.49% Upside	17.39% Upside	9.42% Upside	-15.80% Downside
Consensus Rating	Moderate Buy	Buy	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	2.92	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	0.49% Upside	265.03% Upside	14.53% Upside
News Sentiment Rating	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
12/20/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$233.00 ➝ $265.00	+15.93%
12/16/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$200.00 ➝ $205.00	-15.67%
12/13/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$210.00 ➝ $250.00	+12.46%
12/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$205.00 ➝ $225.00	+1.93%
12/13/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$210.00 ➝ $255.00	+17.05%
12/13/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$205.00 ➝ $245.00	+11.56%
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12/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$215.00 ➝ $250.00	+38.38%
12/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$201.00 ➝ $250.00	+38.38%
12/13/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$200.00 ➝ $225.00	+24.54%
12/13/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$210.00 ➝ $240.00	+32.85%
12/13/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $240.00	+32.85%
12/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$200.00 ➝ $250.00	+38.38%
12/13/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$195.00 ➝ $210.00	+16.24%
12/11/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$240.00 ➝ $240.00	+33.31%
12/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$175.00 ➝ $205.00	+20.32%
12/3/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $200.00	+16.61%
10/14/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$190.00 ➝ $220.00	+21.23%
10/8/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Muse Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$200.00 ➝ $225.00	+24.38%
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
9/6/2024	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%
6/13/2024	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%
6/3/2024	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%
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%
9/1/2023	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:33 AM 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 Sunday, December 15, 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 has a strong market capitalization of $1.05 trillion, indicating a robust financial position and the ability to invest in growth opportunities.
Recent insider trading activity shows confidence in the company, with insiders selling shares but still holding significant positions, suggesting they believe in the company's long-term value.
The stock price is currently around $181.44, which may present a buying opportunity for investors looking to enter at a lower price point compared to its potential future growth.
Institutional investors own 76.43% of Broadcom's stock, reflecting strong institutional confidence and support, which can lead to more stability in stock performance.
Broadcom's focus on advanced semiconductor technology positions it well in a growing market, especially with the increasing demand for complex digital and mixed-signal devices.

Broadcom
Bear Case

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

The high P/E ratio of 182.76 suggests that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Insider sales totaling 311,080 shares worth $53,540,590 over the last quarter may raise concerns about the company's short-term outlook and insider confidence.
The company's debt-to-equity ratio of 1.02 indicates a relatively high level of debt compared to equity, which could pose risks in a rising interest rate environment.
Recent fluctuations in stock performance may indicate volatility, which can be a concern for risk-averse investors.
With only 2.00% of the stock owned by insiders, there may be less alignment between management and shareholder interests, potentially impacting decision-making.

AVGO Forecast - Frequently Asked Questions

: According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Broadcom is $221.88, with a high forecast of $265.00 and a low forecast of $170.00.
: 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There are currently 2 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVGO shares.
: According to analysts, Broadcom's stock has a predicted upside of 0.49% 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 Bank of America, Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Hsbc Global Res, Jefferies Financial Group, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Susquehanna, TD Cowen, Truist Financial, and UBS Group in the past 90 days.
: Analysts like Broadcom more than other "computer and technology" companies. The consensus rating score for Broadcom is 2.92 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how AVGO compares to other companies.

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This page (NASDAQ:AVGO) was last updated on 12/22/2024 by MarketBeat.com Staff

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Broadcom (AVGO) Stock Forecast & Price Target