Broadcom jumps as upbeat forecast raises hopes of AI rally resurgence
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March 7, 2025 8:09 AM EST
Wolfe Research analyst Chris Caso reiterated a Peerperform rating on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "Maintain Peer Perform rating. AVGO reported a modest beat on report and guidance, with AI silicon growth and improving conditions in some cyclical segments most impactful for... More
March 7, 2025 7:33 AM EST
Citi analyst Christopher Danely reiterated a Buy rating and $220.00 price target on Broadcom Limited (NASDAQ: AVGO)
The analyst comments "Broadcom reported solid results and guided above Consensus driven by continued AI strength (27% of F25 sales) with two new AI engagements.... More
March 7, 2025 5:46 AM EST
Bernstein SocGen Group analyst Stacy Rasgon reiterated an Outperform rating and $250.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "Broadcoms FQ125 earnings were good, above the street on revenues and EPS ($14.9B/ $1.60 vs the Street $14.6B/$1.50) with upside coming from both semis ($8.21B vs Street $8.15B) and software ($6.7B vs Street $6.5B). While non-AI semis appear to have come in somewhat below as the core networking and storage recovery remains slow, AI semi revenues were strong and more than made up the difference, coming in ~$300M ahead of guidance at... More
