
Broadcom (AVGO) Stock Forecast & Price Target
Broadcom (AVGO) Analyst Ratings
Bulls say
Broadcom's strong financial performance is underscored by its significant growth in AI semiconductor revenues, which surged to $6.5 billion during the quarter, reflecting a 74% year-over-year increase. The company forecasts a revenue of $19.1 billion for the upcoming January quarter, representing a sequential increase of 6% and a robust 28% year-over-year growth, alongside a notable improvement in both overall operating margins and semiconductor operating margins. Furthermore, Broadcom's aggressive long-term revenue potential is bolstered by a consolidated backlog of $162 billion, fueled by demand in AI and software, indicating a positive trajectory for future profitability and market positioning.
Bears say
Broadcom has faced a concerning outlook due to a projected sequential decline of 100 basis points in gross margins attributed to the rapid expansion of its margin-dilutive XPU business. Non-AI semiconductor revenue has stagnated year-over-year, remaining flat, with only broadband revenue experiencing a notable recovery while other markets declined. Additionally, the potential for a significant decrease in cash flow raises concerns about the company's ability to meet its debt obligations, further complicating its financial stability.
This aggregate rating is based on analysts' research of Broadcom and is not a guaranteed prediction by Public.com or investment advice.
Broadcom (AVGO) Analyst Forecast & Price Prediction
Start investing in Broadcom (AVGO)
Order type
Buy in
Order amount
Est. shares
0 shares