
Broadcom (AVGO) Stock Forecast & Price Target
Broadcom (AVGO) Analyst Ratings
Bulls say
Broadcom is forecasting a robust revenue increase, projecting total semiconductor revenue of approximately $10.7 billion for the fourth quarter, driven by significant contributions from AI semiconductors, which are expected to yield about $6.2 billion. Furthermore, the company's overall revenue for the October quarter is anticipated to reach $17.4 billion, translating to a 9% sequential growth and a 24% year-over-year increase, surpassing market expectations by about $400 million. Additionally, strong demand in software has been evidenced by substantial bookings of over $8.4 billion in contract value during the third quarter, reinforcing Broadcom's positive outlook on both its semiconductor and software businesses.
Bears say
Broadcom reported sequential declines in its Enterprise Networking and Server Storage sectors during the third quarter, contributing to a concerning outlook for its overall financial performance. The company faces significant risks, including threats from geopolitical factors, potential loss of market share to competitors, and vulnerabilities due to dependence on major customers, which could exacerbate revenue declines. Additionally, anticipated gross margin reductions, influenced by a shift towards less profitable product mixes, raise concerns about the firm's ability to maintain strong cash flows amidst macroeconomic uncertainties.
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
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