Broadcom boosts revenue forecast from AI chips, unveils stock split

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Go back to Broadcom boosts revenue forecast from AI chips, unveils stock split

Broadcom Limited (AVGO) PT Raised to $1,900 at Deutsche Bank

June 13, 2024 10:56 AM EDT

Deutsche Bank analyst Ross Seymore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,900.00 (from $1,500.00) while maintaining a Buy rating.

The analyst comments "AVGO delivered a solid top-line F2Q24 beat vs. DBe (~$12.5B vs. ~$11.7B), powered by another quarter of outperformance in AI (DBe +35% q/q with... More

Broadcom Limited (AVGO) PT Raised to $2,050 at Melius

June 13, 2024 7:02 AM EDT

Melius analyst Ben Reitzes raised the price target on Broadcom Limited (NASDAQ: AVGO) to $2,050.00 (from $1,850.00) while maintaining a Buy rating.

The analyst comments "Raising Estimates and Target Reiterate Buy: We are raising estimates modestly to reflect higher AI revenues in semis. For... More

Broadcom Limited (AVGO) PT Raised to $2,050 at Jefferies

June 13, 2024 6:56 AM EDT

Jefferies analyst Blayne Curtis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $2,050.00 (from $1,550.00) while maintaining a Buy rating.

The analyst comments "Stronger AI trends offset non-AI weakness while VMWare integrating well ahead. Weaker non-AI results congruent with MRVL, but... More

Broadcom Limited (AVGO) PT Raised to $1,650 at Rosenblatt

June 13, 2024 6:56 AM EDT

Rosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,650.00 (from $1,500.00) while maintaining a Buy rating.

The analyst comments "Broadcom delivered a solid overall April quarter, primarily due to significant advancements in VMWare integration and transition to an annual subscription model, AI networking, and the development of custom acceleration ASICs. The wireless... More

Broadcom Limited (AVGO) PT Raised to $1,750 at Citi

June 13, 2024 6:33 AM EDT

Citi analyst Christopher Danely raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,750.00 (from $1,560.00) while maintaining a Buy rating.

The analyst comments "Yesterday, Broadcom reported above-Consensus results due to strength from its AI segment and VMware (combined 46% of F2Q24 sales). F24... More

Broadcom Limited (AVGO) PT Raised to $1,875 at Cantor Fitzgerald

June 13, 2024 6:32 AM EDT

Cantor Fitzgerald analyst C.J. Muse raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,875.00 (from $1,600.00) while maintaining a Overweight rating.

The analyst comments "This was a solid report from Broadcom. While the company only raised its FY24 revenue outlook from $50B to $51B (we previewed $51-52B), much of the improvement is being led by VMWare leaving room for AI as an additional source of upside (mgmt. only guided to $11B... More

Broadcom Limited (AVGO) PT Raised to $1,735 at UBS

June 13, 2024 5:50 AM EDT

UBS analyst Timothy Arcuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,735.00 (from $1,610.00) while maintaining a Buy rating.

The analyst comments "AVGO posted another solid Q due mostly to upside in AI-related revenue, and we walk away moving estimates... More

Broadcom Limited (AVGO) PT Raised to $2,010 at Evercore ISI

June 13, 2024 5:00 AM EDT

Evercore ISI analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $2,010.00 (from $1,620.00) while maintaining a Outperform rating.

The analyst comments "We remain buyers of AVGO post an Apr24Q report that beat revenues by 4% and EPS by 1%. The company... More