Broadcom (AVGO) Stock Forecast, Price Target & Predictions
AVGO Stock Forecast
Broadcom stock forecast is as follows: an average price target of $1.09K (represents a -21.59% downside from AVGO’s last price of $1.40K) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.
AVGO Price Target
The average price target for Broadcom (AVGO) is $1.09K based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $1.65K to $580.00. This represents a potential -21.59% downside from AVGO's last price of $1.40K.
AVGO Analyst Ratings
According to 24 Wall Street analysts, Broadcom's rating consensus is 'Buy'. The analyst rating breakdown for AVGO stock is 0 'Strong Buy' (0.00%), 23 'Buy' (95.83%), 1 'Hold' (4.17%), 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 |
|---|---|---|---|---|---|---|
| Apr 17, 2024 | Tom O'Malley | Barclays | $1.50K | $1.33K | 12.86% | 7.50% |
| Apr 15, 2024 | Matthew Prisco | Evercore ISI | $1.62K | $1.31K | 23.60% | 16.10% |
| Apr 08, 2024 | Ross Seymore | Deutsche Bank | $1.50K | $1.34K | 11.99% | 7.50% |
| Mar 22, 2024 | Angelo Zino | CFRA | $1.60K | $1.35K | 18.21% | 14.67% |
| Mar 21, 2024 | Weston Twigg | KeyBanc | $1.60K | $1.35K | 18.69% | 14.67% |
| Mar 21, 2024 | Tom O\'Malley | Barclays | $1.41K | $1.35K | 4.23% | 0.70% |
| Mar 21, 2024 | Harsh Kumar | Piper Sandler | $1.65K | $1.35K | 22.40% | 18.25% |
| Mar 08, 2024 | Toshiya Hari | Goldman Sachs | $1.55K | - | - | 11.09% |
| Mar 08, 2024 | William Stein | Truist Financial | $1.57K | - | - | 12.23% |
| Mar 08, 2024 | Rick Schafer | Oppenheimer | $1.50K | - | - | 7.50% |
The latest Broadcom stock forecast, released on Apr 17, 2024 by Tom O'Malley from Barclays, set a price target of $1.50K, which represents a 12.86% increase from the stock price at the time of the forecast ($1.33K), and a 7.50% increase from AVGO last price ($1.40K).
Broadcom Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 11 | 24 |
| Avg Price Target | - | $1.50K | $1.21K |
| Last Closing Price | $1.40K | $1.40K | $1.40K |
| Upside/Downside | -100.00% | 7.45% | -13.22% |
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 $1.40K. 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 |
|---|---|---|---|---|
| May 13, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Apr 17, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 17, 2024 | Barclays | Overweight | Overweight | Hold |
| Apr 15, 2024 | Evercore ISI | - | Outperform | Initialise |
| Mar 21, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Mar 21, 2024 | Cowen & Co. | Market Perform | Outperform | Upgrade |
| Mar 20, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Mar 13, 2024 | Citigroup | Buy | Buy | Hold |
| Mar 11, 2024 | Wells Fargo | Outperform | Outperform | Hold |
| Mar 08, 2024 | Oppenheimer | Outperform | Outperform | Hold |
Broadcom's last stock rating was published by Wells Fargo on May 13, 2024. The company gave AVGO a "Market Perform" 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 | $15.75B | $14.99B | $14.58B | $14.80B | $14.49B | $13.91B | $13.56B | $13.65B | $13.45B | $12.73B | $12.23B | $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 | $16.24B | $15.46B | $15.04B | $15.26B | $14.94B | $14.34B | $13.98B | $14.07B | $13.87B | $13.11B | $12.63B | $12.29B | $9.30B | $9.13B | $8.97B | $9.17B | $9.18B | $8.67B | $8.17B | $7.86B | $7.60B | $6.98B | $6.72B | $6.83B | $6.64B | $5.95B | $5.88B | $6.19B | $5.96B | $5.70B |
| Low Forecast | $15.06B | $14.33B | $13.94B | $14.16B | $13.85B | $13.30B | $12.97B | $13.05B | $12.86B | $12.40B | $11.87B | $11.31B | $9.27B | $8.46B | $8.32B | $8.51B | $8.51B | $8.04B | $7.58B | $7.36B | $7.12B | $6.54B | $6.30B | $6.41B | $6.22B | $5.58B | $5.51B | $5.80B | $5.58B | $5.34B |
| # Analysts | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 8 | 17 | 17 | 15 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 |
| 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 17 analysts is $12.23B, with a low forecast of $11.87B, and a high forecast of $12.63B. AVGO's average Quarter revenue forecast represents a 2.27% 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 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 8 | 17 | 17 | 15 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $5.40B | - | - | - | - | - | - | $4.59B | - | - | $3.67B | $3.48B | - | $3.17B | $2.83B | $2.68B | $2.50B | $2.45B | $2.40B |
| Avg Forecast | $8.25B | $7.85B | $7.64B | $7.76B | $7.59B | $7.29B | $7.10B | $7.15B | $7.05B | $6.67B | $5.10B | $4.92B | $4.18B | $4.06B | $4.63B | $4.47B | $3.80B | $3.69B | $4.14B | $4.07B | $3.46B | $3.35B | $3.46B | $3.12B | $1.79B | $2.62B | $2.48B | $2.54B | $2.34B | $2.45B |
| High Forecast | $8.51B | $8.10B | $7.88B | $8.00B | $7.82B | $7.51B | $7.32B | $7.37B | $7.26B | $6.87B | $6.12B | $5.91B | $5.02B | $4.87B | $5.56B | $5.37B | $4.56B | $4.43B | $4.28B | $4.88B | $4.15B | $4.02B | $4.15B | $3.75B | $2.15B | $3.15B | $2.98B | $3.05B | $2.81B | $2.94B |
| Low Forecast | $7.89B | $7.51B | $7.30B | $7.42B | $7.26B | $6.97B | $6.79B | $6.84B | $6.74B | $6.50B | $4.08B | $3.94B | $3.35B | $3.25B | $3.71B | $3.58B | $3.04B | $2.95B | $3.97B | $3.25B | $2.76B | $2.68B | $2.77B | $2.50B | $1.43B | $2.10B | $1.98B | $2.03B | $1.87B | $1.96B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.10% | - | - | - | - | - | - | 1.11% | - | - | 1.09% | 1.01% | - | 1.77% | 1.08% | 1.08% | 0.98% | 1.05% | 0.98% |
17 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 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 8 | 17 | 17 | 15 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $1.32B | - | - | - | - | - | - | $2.59B | - | - | $1.88B | $1.49B | - | $1.32B | $688.00M | $563.00M | $385.00M | $847.00M | $715.00M |
| Avg Forecast | $7.78B | $7.30B | $7.02B | $7.23B | $7.02B | $6.65B | $6.38B | $6.41B | $6.18B | $5.63B | $2.88B | $2.38B | $2.15B | $1.75B | $2.61B | $2.17B | $1.96B | $1.59B | $4.07B | $1.97B | $1.78B | $1.45B | $1.37B | $1.26B | $666.99M | $563.00M | $390.78M | $840.67M | $710.82M | $684.30M |
| High Forecast | $8.10B | $7.59B | $7.31B | $7.52B | $7.31B | $6.91B | $6.64B | $6.67B | $6.43B | $6.07B | $3.45B | $2.86B | $2.58B | $2.10B | $3.14B | $2.60B | $2.35B | $1.91B | $4.24B | $2.37B | $2.14B | $1.74B | $1.64B | $1.51B | $800.39M | $675.60M | $468.93M | $1.01B | $852.98M | $821.17M |
| Low Forecast | $7.34B | $6.88B | $6.62B | $6.82B | $6.62B | $6.27B | $6.02B | $6.04B | $5.83B | $5.45B | $2.30B | $1.91B | $1.72B | $1.40B | $2.09B | $1.73B | $1.57B | $1.28B | $3.85B | $1.58B | $1.42B | $1.16B | $1.09B | $1.01B | $533.59M | $450.40M | $312.62M | $672.53M | $568.65M | $547.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.56% | - | - | - | - | - | - | 0.64% | - | - | 1.29% | 1.09% | - | 1.99% | 1.22% | 1.44% | 0.46% | 1.19% | 1.04% |
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 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 8 | 17 | 17 | 15 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $1.29B | - | - | - | - | - | - | $368.00M | - | - | $346.00M | $325.00M | - | $405.00M | $428.00M | $501.00M | $601.00M | $409.00M | $410.00M |
| Avg Forecast | $919.22M | $874.65M | $850.92M | $863.86M | $845.27M | $811.78M | $791.26M | $796.36M | $784.73M | $742.91M | $373.51M | $404.08M | $397.07M | $381.63M | $339.55M | $367.35M | $360.97M | $346.94M | $461.68M | $333.95M | $328.15M | $315.40M | $336.42M | $385.21M | $414.93M | $501.00M | $610.02M | $405.94M | $407.60M | $414.94M |
| High Forecast | $947.84M | $901.88M | $877.41M | $890.75M | $871.59M | $837.05M | $815.90M | $821.15M | $809.16M | $765.20M | $448.21M | $484.90M | $476.48M | $457.96M | $407.46M | $440.82M | $433.16M | $416.32M | $477.00M | $400.74M | $393.78M | $378.48M | $403.70M | $462.25M | $497.92M | $601.20M | $732.02M | $487.13M | $489.12M | $497.93M |
| Low Forecast | $878.98M | $836.36M | $813.66M | $826.04M | $808.26M | $776.24M | $756.62M | $761.49M | $750.37M | $723.56M | $298.81M | $323.27M | $317.65M | $305.30M | $271.64M | $293.88M | $288.77M | $277.55M | $442.34M | $267.16M | $262.52M | $252.32M | $269.13M | $308.17M | $331.95M | $400.80M | $488.02M | $324.75M | $326.08M | $331.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 3.18% | - | - | - | - | - | - | 0.80% | - | - | 1.10% | 0.97% | - | 0.98% | 0.85% | 0.82% | 1.48% | 1.00% | 0.99% |
Broadcom's average Quarter SG&A projection for May 24 is $373.51M, based on 17 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 | 10 | 16 | 8 | 11 | 7 | 11 | 7 | 7 | 8 | 17 | 17 | 15 | 17 | 8 | 10 | 16 | 10 | 7 | 7 | 11 | 8 | 13 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $2.84 | - | - | - | - | - | - | $6.14 | - | - | $4.37 | $3.45 | - | $3.08 | $1.52 | $1.22 | $0.78 | $2.06 | $1.80 |
| Avg Forecast | $16.67 | $15.62 | $15.03 | $15.49 | $15.04 | $14.23 | $13.67 | $13.72 | $13.24 | $12.05 | $11.07 | $10.40 | $10.96 | $10.43 | $10.12 | $10.17 | $10.28 | $9.56 | $8.71 | $8.13 | $7.74 | $6.88 | $6.43 | $6.56 | $6.25 | $5.24 | $5.14 | $5.34 | $5.39 | $5.13 |
| High Forecast | $17.34 | $16.26 | $15.64 | $16.11 | $15.65 | $14.81 | $14.22 | $14.28 | $13.77 | $13.00 | $12.04 | $11.06 | $11.09 | $10.86 | $10.53 | $10.58 | $10.70 | $9.95 | $9.09 | $8.47 | $8.07 | $7.17 | $6.71 | $6.84 | $6.52 | $5.46 | $5.36 | $5.56 | $5.62 | $5.35 |
| Low Forecast | $15.72 | $14.73 | $14.18 | $14.61 | $14.19 | $13.42 | $12.89 | $12.94 | $12.49 | $11.67 | $10.34 | $9.16 | $10.73 | $9.84 | $9.54 | $9.59 | $9.70 | $9.02 | $8.24 | $7.79 | $7.42 | $6.59 | $6.16 | $6.29 | $5.99 | $5.02 | $4.93 | $5.11 | $5.16 | $4.92 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.27% | - | - | - | - | - | - | 0.70% | - | - | 0.64% | 0.54% | - | 0.49% | 0.29% | 0.24% | 0.15% | 0.38% | 0.35% |
According to 17 Wall Street analysts, Broadcom's projected average Quarter EPS for May 24 is $11.07, with a low estimate of $10.34 and a high estimate of $12.04. This represents a 289.69% increase 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 | $31.83 | $40.88 | 28.43% | Hold |
| MRVL | Marvell | $71.92 | $80.00 | 11.23% | Buy |
| TSM | Taiwan Semiconductor Manufacturing | $151.68 | $157.67 | 3.95% | Buy |
| AMD | Advanced Micro Devices | $164.47 | $160.66 | -2.32% | Buy |
| MU | Micron | $125.29 | $111.79 | -10.78% | Buy |
| AVGO | Broadcom | $1.40K | $1.09K | -21.59% | Buy |
| NVDA | NVIDIA | $924.79 | $699.32 | -24.38% | Buy |
AVGO Forecast FAQ
Is Broadcom a good buy?
Yes, according to 24 Wall Street analysts, Broadcom (AVGO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 23 'Buy' recommendations, accounting for 95.83% of AVGO's total ratings.
What is AVGO's price target?
Broadcom (AVGO) average price target is $1.09K with a range of $580 to $1.65K, implying a -21.59% from its last price of $1.4K. The data is based on 24 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 down by -21.59% (from the last price of $1.4K to the average price target of $1.09K), up by 18.25% based on the highest stock price target, and down by -58.43% based on the lowest stock price target.
Can Broadcom stock reach $2K?
AVGO's average twelve months analyst stock price target of $1.09K does not support the claim that Broadcom can reach $2K in the near future.
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 1.42%. The company's EBITDA was $5.4B, beating the average prediction of $4.92B by 9.69%. Broadcom's net income was $1.32B, missing the average estimation of $2.38B by -44.44%. The company's SG&A was $1.29B, beating the average forecast of $404.08M by 218.50%. Lastly, the company's EPS was $2.84, missing the average prediction of $10.4 by -72.70%