
Broadcom (AVGO) Stock Forecast & Price Target
Broadcom (AVGO) Analyst Ratings
Bulls say
Broadcom is projecting a fourth-quarter total semiconductor revenue of approximately $10.7 billion, with significant contributions expected from both AI semiconductors ($6.2 billion) and non-AI chips ($4.6 billion), the latter anticipated to grow at a low double-digit pace sequentially. Total revenue for the October quarter is forecasted at $17.4 billion, reflecting a 9% sequential increase and a robust 24% year-over-year growth, which surpasses consensus estimates by about $400 million. Strength in software bookings is also notable, with over $8.4 billion in total contract value recorded in Q3, and the infrastructure software segment is expected to deliver a year-over-year revenue increase of 15% to $6.8 billion for Q4.
Bears say
Broadcom has experienced sequential declines in its Enterprise Networking and Server Storage businesses, indicating potential weaknesses in key revenue segments, while guidance for the upcoming quarter projects an EPS of $1.86, which is slightly below previous estimates. Significant risks include potential decreases in cash flow, heightened competition, and over-reliance on major customers like Apple and Cisco, all of which could negatively impact revenue streams. Furthermore, ongoing macroeconomic uncertainties may further hinder the company's performance in the semiconductor industry, warranting caution regarding its financial stability and outlook.
This aggregate rating is based on analysts' research of Broadcom and is not a guaranteed prediction by Public.com or investment advice.
Broadcom (AVGO) Analyst Forecast & Price Prediction
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