Broadcom Inc. Announces First Quarter Fiscal Year 2024 Financial Results and Quarterly Dividend

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Broadcom Limited (AVGO) PT Raised to $1,600 at CFRA

March 8, 2024 11:33 AM EST

CFRA analyst Angelo Zino raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,600.00 (from $1,500.00) while maintaining a Buy rating.

The analyst comments "We bump our 12-month target to $1,600 from $1,500 on a P/E of 28.1x our CY 25 EPS view, above historical given... More

Broadcom Limited (AVGO) PT Raised to $1,680 at BofA Securities

March 8, 2024 9:36 AM EST

BofA Securities analyst Vivek Arya raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,680.00 (from $1,500.00) while maintaining a Buy rating.

The analyst comments "As expected, AVGO maintained its FY24 sales outlook of $50bn, though with mix shifting more towards AI (now >$10bn vs... More

Broadcom Limited (AVGO) PT Raised to $1,550 at Goldman Sachs

March 8, 2024 5:27 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,550.00 (from $1,325.00) while maintaining a Buy rating.

The analyst comments "Broadcom delivered a solid quarter as FY1Q (January) non-GAAP EPS (excl. SBC) of $10.99 exceeded Street consensus by 6%... More

Broadcom (AVGO) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance

March 7, 2024 4:16 PM EST

Broadcom (NASDAQ: AVGO) reported Q1 EPS of $10.99, $0.59 better than the analyst estimate of $10.40. Revenue for the quarter came in at $11.96 billion versus the consensus estimate of $11.79 billion.

Fiscal Year 2024 Business Outlook

Based on current business trends and conditions, the outlook for continuing operations for fiscal year... More