Broadcom Limited (AVGO) PT Raised to $240 at TD Cowen; 'New Customers Demonstrate Confidence in AI Opportunity'
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Broadcom Limited (AVGO) PT Raised to $250 at Bernstein SocGen Group
December 16, 2024 4:07 AM ESTBernstein SocGen Group analyst Stacy Rasgon raised the price target on Broadcom Limited (NASDAQ: AVGO) to $250.00 (from $195.00) while maintaining a Outperform rating.
THe analyst comments "Broadcoms FQ424 earnings were decent ($14.1B/$1.42 vs the Street $14.1B/$1.39) with upside coming from Semis ($8.2B vs Street $8.0B) on stronger AI revenue and Software coming in weaker ($5.8B vs Street $6.0B) with some deal pushouts into Q1. FQ125 is seen at $14.6B in revenues and ~66% EBITDA margin (implied EPS ~$1.51), solid vs consensus... More
Broadcom Limited (AVGO) PT Raised to $250 at JPMorgan
December 16, 2024 4:05 AM ESTJPMorgan 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)
December 16, 2024 4:02 AM ESTGoldman 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
December 13, 2024 12:37 PM ESTCFRA 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
