Broadcom Limited (AVGO) PT Raised to $240 at Deutsche Bank

Broadcom Limited (AVGO) PT Raised to $250 at JPMorgan

JPMorgan analyst Harlan Sur raised the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $210.00) while maintaining a Overweight rating.

The analyst comments "Broadcom delivered solid Oct-Qtr results on continued strong Q/Q growth in its AI semiconductor segment (up 19% Q/Q) which offset lower software revenues (due to deals pushed into the Jan-Qtr). For the Jan-Qtr, the team guided revenues in line with consensus expectations and better than market expectations on sustained strong AI demand (up 3-4% Q/Q despite 5nm/3nm transition in AI TPU program) and software revenue acceleration.... More

Goldman Sachs Reiterates Buy Rating on Broadcom Limited (AVGO)

Goldman Sachs analyst Toshiya Hari reiterated a Buy rating and $240.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "While our FY2025 earnings estimate is largely unchanged, we increase our FY2026 non-GAAP EPS (excl. SBC) by 4% to $7.94, and introduce a FY2027 forecast of $10.13 (+28% yoy)... More

Broadcom Limited (AVGO) PT Raised to $230 at CFRA

CFRA analyst Angelo Zino raised the price target on Broadcom Limited (NASDAQ: AVGO) to $230.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "We up our 12-month target to $230 from $220 on P/E of 30x our CY 26 EPS estimate, above the historical... More

Cantor Fitzgerald Reiterates Overweight Rating on Broadcom Limited (AVGO), 'remains a TOP PICK'

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $250.00 price target on Broadcom Limited (NASDAQ: AVGO)

The analyst comments "Amidst worries of a potential air pocket into the January Q guide led by a potential pause at Google, Broadcom did not disappoint (as many, including ourselves, feared). More specifically, mgmt. offered a modest beat for the October Q ($14.1B/ $1.42 vs cons $14.1B/$1.39) followed by stronger January Q revenue guide of $14.6B vs. consensus of $14.55B and buyside fears of closer to $13.8-14.0B. Moreover, mgmt. outlined a SAM of... More

Raymond James Reiterates Market Perform Rating on Broadcom Limited (AVGO)

Raymond James analyst Srini Pajjuri reiterated a Market Perform rating on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "AVGOs F4Q results and F1Q revenue outlook were broadly in-line. Managements commentary regarding AI SAM in 2027 was the highlight of the call, which likely drove the stock up >10% in the aftermarket. Management sees $60-90B opportunity in 2027 at its 3 hyperscale customers... More

Broadcom Limited (AVGO) PT Raised to $245 at Mizuho

Mizuho analyst Vijay Rakesh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $245.00 (from $220.00) while maintaining a Outperform rating.

The analyst comments "AVGO reported OctQ and JanQ guide in line to $14.6B, with a BIG AI revenue outlook to F27E... More

Broadcom Limited (AVGO) PT Raised to $233 at Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $233.00 (from $180.00) while maintaining a Overweight rating.

Th analyst comments "Thoughts on the stock: We were surprised at the solid results given expectations of some deceleration at TPU, and we stop short of underwriting all of the CY27 forecasts. That said, we like the AI exposures here, as expectations nearer term are lower than peers, the... More

Broadcom Limited (AVGO) PT Raised to $250 at BofA Securities

BofA Securities analyst Vivek Arya raised the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $215.00) while maintaining a Buy rating.

The analyst comments "Reiterate Buy on: 1) AVGOs expanding custom-chip (ASIC) AI to 5 vs 3 major customers prior, 2) surging AI opportunity... More

Broadcom Limited (AVGO) PT Raised to $250 at Evercore ISI

Evercore ISI analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $201.00) while maintaining a Outperform rating.

The analyst comments "We reiterate OP rating on AVGO following OctQ $0.03 EPS beat and JanQ implied EPS outlook of $1.53 that was $0.07/4% above the Street. We continue to view AVGO as a top Custom AI beneficiary as we argued in our Custom-AI chip note: (Hyperscalers and Custom-ICs: Thing or Fling?) and believe investors are underestimating the Custom... More

Broadcom Limited (AVGO) PT Raised to $220 at UBS

UBS analyst Timothy Arcuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $220.00 (from $200.00) while maintaining a Buy rating.

The analyst comments: "Results and guidance were fine and likely better than many had feared given investor concerns heading into the... More

Broadcom Limited (AVGO) PT Raised to $250 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments: "AVGO reported a strong fourth quarter and January guidance. Most importantly, AVGO talked about the inflection in its AI... More

Broadcom Limited (AVGO) PT Raised to $245 at Truist Securities

Truist Securities analyst William Stein raised the price target on Broadcom Limited (NASDAQ: AVGO) to $245.00 (from $205.00) while maintaining a Buy rating.

The analyst comments: "Outlining a path to more rapid growth. AVGO posted modest upside to CQ3 (Oct) results, and CQ4 (Jan)... More

Broadcom Limited (AVGO) PT Raised to $260 at KeyBanc

KeyBanc analyst John Vinh raised the price target on Broadcom Limited (NASDAQ: AVGO) to $260.00 (from $210.00) while maintaining a Overweight rating.

The analyst comments: "AVGO reported in line F4Q (Oct) results and guided F1Q (Jan) higher, as stronger AI Networking and... More

After-hours movers: Broadcom, Costco, EVgo, Candel Therapeutics

After-Hours Stock Movers:

Broadcom (NASDAQ: AVGO) rose 2.5% after it delivered robust fourth quarter results, along with first quarter revenue guidance that matched Wall Street's ambitious estimates. AI revenue grew 220% year-on-year.

Costco (NASDAQ:... More

Broadcom delivers upbeat guidance as AI-related revenue soars

Investing.com - Broadcom on Thursday delivered upbeat revenue guidance for the current quarter amid surging AI-revenue, though the chipmaker reported mixed Q4 results as revenue fell just short of estimates. 

Broadcom Inc (NASDAQ: AVGO) shares gained 4% in after-hours trade following the... More

Broadcom delivers upbeat guidance as AI-related revenue soars

Investing.com - Broadcom on Thursday delivered upbeat revenue guidance for the current quarter amid surging AI-revenue, though the chipmaker reported mixed Q4 results as revenue fell just short of estimates. 

Broadcom Inc (NASDAQ: AVGO) shares gained 4% in after-hours trade following the... More

Broadcom forecasts Q1 revenue above estimates on strong AI chip demand

By Arsheeya Bajwa and Zaheer Kachwala

(Reuters) -Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom artificial intelligence chips in the next few years.

Shares of the Palo Alto, California-based company were up 14% in aftermaket trade after CEO Hock Tan told investors on a conference call he expects a revenue opportunity from AI in the range of $60 billion to $90 billion in fiscal 2027.

Tan indicated three "hyperscale" customers are likely to deploy millions of AI chip clusters at the time.

Big tech has been vying to reduce its dependence... More

Broadcom (AVGO) Declares $0.59 Quarterly Dividend; 1.3% Yield

Broadcom (NASDAQ: AVGO) declared a quarterly dividend of $0.59 per share, or $2.36 annualized.

The dividend will be payable on December 31, 2024, to stockholders of record on December 23, 2024, with an ex-dividend date of December 20, 2024.

The annual yield on the dividend is 1.3 percent.

For a... More

Broadcom (AVGO) Tops Q4 EPS by 3c, Offers Guidance

Broadcom (NASDAQ: AVGO) reported Q4 EPS of $1.42, $0.03 better than the analyst estimate of $1.39. Revenue for the quarter came in at $14.05 billion versus the consensus estimate of $14.07 billion.

GUIDANCE:

Broadcom sees Q1 2025 revenue of $14.6 billion, versus the consensus of $14.55... More

Apple nears switch from Broadcom chips; eyes in-house launch next year: Bloomberg

Investing.com -- Apple Inc is set to replace Broadcom  components with its own in-house chip for Bluetooth and Wi-Fi connections starting next year, Bloomberg reported Wednesday, citing people familiar with the matter.

The chip, code-named Proxima, which has been in development for several years, is slated... More

Broadcom (AVGO) spreader active in December 13 weekly 187.50 calls, December 13 weekly 157.50 and 167.50 puts

Broadcom (NASDAQ: AVGO) December 13 weekly call option implied volatility is at 150, December is at 72; compared to its 52-week range of 26 to 66 into the expected release of quarter results today after the bell. Call put ratio 2.4 calls to 1 put with focus on December 13 weekly 187.50 calls, December 13 weekly 157.50 and 167.50 puts.

Broadcom reports earnings after the bell. Here’s what to know

Broadcom (NASDAQ: AVGO) is due to report financial results for its fourth fiscal quarter of 2024 on Thursday, December 12.

Ahead of the prints release, Bernstein analysts adjusted their forecast for Broadcom, citing potential seasonal impacts in wireless for the first quarter and a flatter AI revenue trajectory in the first half with growth expected in the latter half of the year. The firm maintained its price target of $195 and an Outperform rating.

Bernstein's revised estimates for the fourth quarter remain unchanged at $14.0 billion in revenue and $1.40 in earnings per share (EPS), aligning with the... More

Stocks expected to have increasing option volume: AVGO ADBE COST CIEN LEN AA

Stocks expected to have increasing option volume: AVGO ADBE COST CIEN LEN AA

Broadcom (AVGO) call put ratio 2.2 calls to 1 put as share price up 4.5% into quarter results

Broadcom (NASDAQ: AVGO) December 13 weekly call option implied volatility is at 106, December is at 66; compared to its 52-week range of 26 to 66 into the expected release of quarter results today after the bell. Call put ratio 2.2 calls to 1 put as share price up 4.5%.

Popular stocks with increasing volume: SMCI AVGO GME MSTR AI BA UBER MU

Popular stocks with increasing volume: SMCI AVGO GME MSTR AI BA UBER

Broadcom up following report of Apple working on AI chip with chipmaker

Investing.com -- Broadcom Inc (NASDAQ: AVGO) shares up more than roughly 5% before the opening bell on Wednesday after a report that Apple Inc (NASDAQ: AAPL) was working with the chipmaker to develop its first server chip tailored for artificial... More

Apple working with Broadcom to develop AI chip, the Information reports

(Reuters) -Apple is working with Broadcom to develop its first server chip specially designed for artificial intelligence processing, the Information reported on Wednesday, citing people with direct knowledge of the matter.

The reported move would align the iPhone maker with other big technology companies that have developed their own chips to power compute-heavy AI services and reduce reliance on Nvidia's pricey and short-in-supply processors.

Apple's AI chip is internally code-named Baltra and is expected to... More

Apple (AAPL) Working On AI Chip With Broadcom (AVGO) - The Information

(Updated - December 11, 2024 9:09 AM EST)

Apple (NASDAQ: AAPL) is working on an AI chip with Broadcom (NASDAQ: AVGO) - The Information

Bernstein on Broadcom Limited (AVGO): 'Do good things come to those who wait?'

Bernstein SocGen Group analyst Stacy Rasgon reiterated an Outperform rating and $195.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst said: "At this point we believe that a potential FQ1 miss esp on wireless has been fairly well telegraphed and is largely anticipated. Investors have however been wondering about the AI trajectory through the year, and whether or not... More

Broadcom (AVGO) call put ratio 2 calls to 1 put into quarter results

Broadcom (NASDAQ: AVGO) December 13 weekly 170 straddle priced for a mov of 7.5% into the expected release of quarter results today after the bell.