AVGO Stock: Broadcom Deserves A Price Target of $360

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • Trump is still ramping his anti-China rhetoric but analysts and the quant rating AI of Seeking remains very bullish on Broadcom.
  • Broadcom makes most of its revenue from China. Chinese factories are now back to full operations.
  • The greater demand for internet bandwidth is a tailwind for Broadcom.
  • The new U.S. sanctions against Huawei is another tailwind for Broadcom.
  • Broadcom’s long list of acquisitions has made it pandemic-resistant. Its products and services now cater to various industries.

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Week #24, 2019: Earnings Calendar