Broadcom (AVGO) Stock Forecast & Price Target

$179.38

-0.61 (-0.34%)

(As of 10/22/2024 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 26 Analyst Ratings

Sell
0

Hold
1

Buy
25

Based on 26 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 26 analysts, 1 has given a hold rating, 24 have given a buy rating, and 1 has given a strong buy rating for AVGO.

Consensus Price Target

$191.54
6.78% Upside

According to the 26 analysts' twelve-month price targets for Broadcom, the average price target is $191.54. The highest price target for AVGO is $240.00, while the lowest price target for AVGO is $120.00. The average price target represents a forecasted upside of 6.78% from the current price of $179.38.

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AVGO Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	24 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	$191.54	$189.23	$173.41	$84.85
Forecasted Upside	6.78% Upside	9.42% Upside	16.18% Upside	-3.70% 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	2.67	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	6.78% Upside	1,035.97% Upside	7.97% Upside
News Sentiment Rating	Positive News See Recent AVGO News	Neutral 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
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 2 of 5 stars		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
9/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$173.50 ➝ $170.00	+22.28%
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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 Wednesday at 09:34 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 Friday, October 18, 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 stock has shown a consistent upward trend, currently trading at $185.95, indicating potential for capital appreciation.
Strong analyst ratings with a consensus of "Moderate Buy" and a target price of $190.29, suggesting positive sentiment and growth potential.
Broadcom's diverse portfolio of semiconductor devices, focusing on complex digital and mixed signal products, positions it well in the tech industry.
Recent insider selling activities could indicate confidence in the company's future performance and strategic direction.
Positive analyst upgrades, such as raising target prices and ratings, reflect optimism in Broadcom's outlook and market position.

Broadcom
Bear Case

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

Despite positive analyst ratings, potential risks in the semiconductor industry, such as market volatility and competition, could impact Broadcom's performance.
Recent insider selling activities, though interpreted positively in some cases, may also raise concerns about future company developments or challenges.
High debt-to-equity ratio of 1.02 could pose financial risks for Broadcom, especially in economic downturns or changing market conditions.
Market cap of $865.57 billion and a PE ratio of 7.78 may indicate overvaluation, potentially leading to price corrections in the future.
While the stock has shown growth, the P/E/G ratio of 2.78 suggests that the stock may be overpriced relative to its growth prospects, warranting caution for investors.

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 $191.54, with a high forecast of $240.00 and a low forecast of $120.00.
: 26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Broadcom in the last twelve months. There is currently 1 hold rating, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AVGO shares.
: According to analysts, Broadcom's stock has a predicted upside of 6.78% 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.