Broadcom Inc. Stock Price Targets
Comprehensive analysis of short, mid, and long-term price targets for Broadcom Inc. (AVGO).
Give me a comprehensive price target analysis for Broadcom Inc. (AVGO).
Price Target Analysis for Broadcom Inc. (AVGO)
| Time Frame | Price Target | Justification & Key Drivers |
|---|---|---|
| Short-term (3 months) | $210 - $300 | Given current market conditions, AVGO trading near its median target suggests a potential for modest upside driven by its robust earnings, strong balance sheet, and favorable technical signals. Short-term catalysts could include new product launches and positive analyst revisions. However, the high P/E ratio warrants caution. |
| Mid-term (12 months) | $300 | Supported by strong earnings momentum, positive EPS revisions (+1q and +Y revisions), and a favorable technical trend (price above 50-day MA). Continued revenue growth and expansion into new markets could fuel this target. The current analyst consensus supports a median target around $300. |
| Long-term (3+ years) | $400 | Long-term upside potential is supported by sustained revenue growth, innovation in semiconductor markets, and potential multiple expansion. As the company's fundamentals remain strong, a ramp-up in earnings and improving margins could justify this higher target. Strategic acquisitions and market share gains are essential drivers. |
The horizontal trendlines have been extended 30 days into the future at $210 (red), $300 (green), and $400 (blue) to visualize support, median, and resistance levels respectively. The stock currently trades slightly below the median target, with technical indicators showing positive momentum but overbought RSI, suggesting cautious optimism for the near-term.