Broadcom boosts revenue forecast from AI chips, unveils stock split
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Broadcom Limited (AVGO) PT Raised to $1,900 at Deutsche Bank
June 13, 2024 10:56 AM EDTDeutsche Bank analyst Ross Seymore raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,900.00 (from $1,500.00) while maintaining a Buy rating.
The analyst comments "AVGO delivered a solid top-line F2Q24 beat vs. DBe (~$12.5B vs. ~$11.7B), powered by another quarter of outperformance in AI (DBe +35% q/q with... More
Broadcom Limited (AVGO) PT Raised to $2,050 at Melius
June 13, 2024 7:02 AM EDTMelius analyst Ben Reitzes raised the price target on Broadcom Limited (NASDAQ: AVGO) to $2,050.00 (from $1,850.00) while maintaining a Buy rating.
The analyst comments "Raising Estimates and Target Reiterate Buy: We are raising estimates modestly to reflect higher AI revenues in semis. For... More
Broadcom Limited (AVGO) PT Raised to $2,050 at Jefferies
June 13, 2024 6:56 AM EDTJefferies analyst Blayne Curtis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $2,050.00 (from $1,550.00) while maintaining a Buy rating.
The analyst comments "Stronger AI trends offset non-AI weakness while VMWare integrating well ahead. Weaker non-AI results congruent with MRVL, but... More
Broadcom Limited (AVGO) PT Raised to $1,650 at Rosenblatt
June 13, 2024 6:56 AM EDTRosenblatt analyst Hans Mosesmann raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,650.00 (from $1,500.00) while maintaining a Buy rating.
The analyst comments "Broadcom delivered a solid overall April quarter, primarily due to significant advancements in VMWare integration and transition to an annual subscription model, AI networking, and the development of custom acceleration ASICs. The wireless... More
Broadcom Limited (AVGO) PT Raised to $1,750 at Citi
June 13, 2024 6:33 AM EDTCiti analyst Christopher Danely raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,750.00 (from $1,560.00) while maintaining a Buy rating.
The analyst comments "Yesterday, Broadcom reported above-Consensus results due to strength from its AI segment and VMware (combined 46% of F2Q24 sales). F24... More
Broadcom Limited (AVGO) PT Raised to $1,875 at Cantor Fitzgerald
June 13, 2024 6:32 AM EDTCantor Fitzgerald analyst C.J. Muse raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,875.00 (from $1,600.00) while maintaining a Overweight rating.
The analyst comments "This was a solid report from Broadcom. While the company only raised its FY24 revenue outlook from $50B to $51B (we previewed $51-52B), much of the improvement is being led by VMWare leaving room for AI as an additional source of upside (mgmt. only guided to $11B... More
Broadcom Limited (AVGO) PT Raised to $1,735 at UBS
June 13, 2024 5:50 AM EDTUBS analyst Timothy Arcuri raised the price target on Broadcom Limited (NASDAQ: AVGO) to $1,735.00 (from $1,610.00) while maintaining a Buy rating.
The analyst comments "AVGO posted another solid Q due mostly to upside in AI-related revenue, and we walk away moving estimates... More
Broadcom Limited (AVGO) PT Raised to $2,010 at Evercore ISI
June 13, 2024 5:00 AM EDTEvercore ISI analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $2,010.00 (from $1,620.00) while maintaining a Outperform rating.
The analyst comments "We remain buyers of AVGO post an Apr24Q report that beat revenues by 4% and EPS by 1%. The company... More
