AVGO Stock Forecast: Road to the Top

July 12, 2023
Meiru ZhongThis AVGO Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Summary

  • Broadcom Inc.’s revenue growth is back in double-digit mode with revenue at $33.2 billion and net margin at 35% in FY2022. The trend continued in Q2 2023 with quarterly revenue at $8.8 billion, up 8% from the previous year.
  • Third quarter revenue is expected to be around $8.85 billion, an increase of 5% from the prior year, and adjusted EBITDA remains about 65% of projected revenue.
  • A quarterly cash dividend of $4.60 per share will be paid on June 30, 2023 and $3,420 million will be spent on share buybacks and eliminations.
  • Broadcom has acquired VMware and deal will be closed in FY 2023. The merger will give Broadcom a balanced product portfolio and scale growth.  
  • DCF estimates AVGO stock will grow to $965, a 12% upside potential for the year 2023.

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AVGO Stock Forecast for 2022: Broadcom Inc. Is a Growth Stock Looking at Sustain Dividends

December 28, 2021
Opher Joseph This AVGO Stock Forecast article was written by Opher Joseph – Financial Analyst, I Know First.

Summary:

  • The stock is trading close to its 52-week high of $ 674.28 and there is good reason for optimism that it will attain new highs given its strong financials and positive business outlook.
  • Broadcom is amongst other 3 companies that are touted to join the current list of 6 companies to reach the $ 1 trillion market capitalization by 2035.
  • The company has announced that it will buy back $10 billion worth of shares from its shareholders in 2022.
  • The current Price to Book ratio is 11.16, which is considerably below its competitors' pricing.

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AVGO Stock Forecast: Broadcom Deserves A Price Target Of $560

September 13, 2021

motek 1The AVGO stock forecast 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

  • The stock price of Broadcom is trading far above my old June 25, 2020 price target of $360. AVGO’s price return since that day is +61.12%.
  • Broadcom’s stock is significantly undervalued when compared against AMD and NVDA.
  • The Piotroski Score of AVGO is 8. This is excellent because the highest possible score is 9. AVGO’s Altman-Z score is 5.6. Broadcom has a low probability of going bankrupt.
  • The AI algorithm of I Know First is bullish on AVGO.

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AVGO Stock Forecast: a Global Semiconductor Leader with Full Possibilities

August 2, 2021

motek 1This AVGO stock forecast article was written by Yutong Li – Analyst at I Know First, Master's candidate at Brandeis University.

Highlights:

  • AVGO stock has risen by 14.2% since January 2021
  • Broadcom’s Wi-Fi 6E breakthrough is a major tailwind for its growth
  • Broadcom Inc. has a solid competitive financial advantage with a ROC ratio of 258.61% and operating margin of 25.55%, outperforming 98% and 90% of companies in the semiconductor industry
  • With Broadcom’s innovation and competitive leadership, the target price for AVGO will hit $520 for the upcoming year

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AVGO Stock: Broadcom Deserves A Price Target of $360

June 25, 2020
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

June 12, 2019
Earnings Calendar