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Rosenblatt Reiterates Buy Rating on Broadcom Limited (AVGO)
September 6, 2024 7:00 AM EDTRosenblatt analyst Hans Mosesmann reiterated a Buy rating and $240.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "Broadcom delivered modest July quarter results on VMWare enterprise S/W upside, semi AI compute/networking momentum, and emerging recovery in non-AI semi units. The October quarter outlook was mixed at $14.0B, above our $13.6B... More
Piper Sandler Reiterates Overweight Rating on Broadcom Limited (AVGO)
September 6, 2024 5:40 AM EDTPiper Sandler analyst Harsh Kumar reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "Broadcom reported solid results that largely met street expectations. In our opinion, the key takeaway from the call was that AI... More
Cantor Fitzgerald Reiterates Overweight Rating on Broadcom Limited (AVGO), 'shares remain a Top Pick'
September 6, 2024 5:40 AM EDTCantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "While Broadcom raised its AI revenue outlook as expected for all of FY24 (to $12B from $11B), management only raised its FY24 revenue outlook to $51.5B (below our/buyside outlook for $51.75B+) resulting in a modest miss for the October Q guide ($14.0B vs. consensus of $14.1B and our previewed $14.2B+). Under the covers, however, investors should walk away encouraged by todays report.... More
Broadcom Limited (AVGO) PT Raised to $210 at JPMorgan, 'remains our top pick in semiconductors'
September 6, 2024 5:39 AM EDTJPMorgan analyst Harlan Sur raised the price target on Broadcom Limited (NASDAQ: AVGO) to $210.00 (from $200.00) while maintaining a Overweight rating.
The analyst comments "Broadcom delivered better Jul-Qtr results on continued Q/Q growth in its AI semiconductor segment (up 3-4% Q/Q), start of Q/Q cyclical recovery in server/ storage and traditional networking segments, and strong VMware business, offset by weaker trends in broadband/industrial. These growth dynamics are expected to accelerate into the Oct-Qtr (AI semis up 10% Q/Q, non-AI semis up 10% Q/Q) , 25%+ Q/Q growth in VMWare) and the... More
Broadcom Limited (AVGO) PT Raised to $190 at Goldman Sachs
September 6, 2024 5:31 AM EDTGoldman Sachs analyst Toshiya Hari raised the price target on Broadcom Limited (NASDAQ: AVGO) to $190.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "Although Broadcoms AI Semiconductor business fell shy of investor expectations (i.e. FY3Q revenue was flattish... More
Citi Reiterates Buy Rating on Broadcom Limited (AVGO)
September 6, 2024 5:25 AM EDTCiti analyst Christopher Danely reiterated a Buy rating and $175.00 price target on Broadcom Limited (NASDAQ: AVGO).
The analyst comments "Yesterday, Broadcom reported above-Consensus results due to strength from its AI business and VMware, but guided F4Q24 gross margin lower due to... More

