
Broadcom (AVGO) Stock Forecast & Price Target
Broadcom (AVGO) Analyst Ratings
Bulls say
Broadcom has showcased impressive financial growth, highlighted by a 74% year-over-year increase in AI revenue, which reached $6.5 billion in the last quarter, alongside strong guidance for Q1 revenue to reach $8.2 billion. The company is forecasting a total revenue of $19.1 billion for its January quarter, reflecting a 28% year-over-year increase and significant growth in both its semiconductor and infrastructure software segments. Additionally, Broadcom's consolidated backlog rose sharply to $162 billion, driven by robust demand across its AI semiconductor solutions and a notable increase in infrastructure software bookings, which reached $10.4 billion.
Bears say
The financial outlook for Broadcom appears negative primarily due to anticipated declines in gross margin, projected to decrease by 100 basis points quarter-over-quarter, primarily driven by growth in its lower-margin XPU business. Additionally, while the broadband segment has shown recovery, overall non-AI semiconductor revenue remained stagnant year-over-year, with other key markets experiencing sequential declines. Concerns surrounding cash flow stability and the ability to meet debt obligations further contribute to the apprehension regarding Broadcom's financial health.
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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