Broadcom Inc. (AVGO) Price Targets
| Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
|---|---|---|---|
| $1,865.15 | $2,400.00 | $1,384.10 | 9.67% |
Price Target
Based on short-term price targets offered by 28 analysts, the average price target for Broadcom Inc. comes to $1,865.15. The forecasts range from a low of $1,384.10 to a high of $2,400.00. The average price target represents an increase of 9.67% from the last closing price of $1,700.67.
Analyst Price Targets (28)
Broker Rating
Broadcom Inc. currently has an average brokerage recommendation (ABR) of 1.19 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 32 brokerage firms. The current ABR compares to an ABR of 1.20 a month ago based on 30 recommendations.
Of the 32 recommendations deriving the current ABR, 29 are Strong Buy, representing 90.63% of all recommendations. A month ago, Strong Buy represented 90%.
Broker Rating Breakdown
Brokerage Recommendations
| Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
|---|---|---|---|---|---|
| Strong Buy | 29 | 29 | 27 | 25 | 24 |
| Buy | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 |
| ABR | 1.19 | 1.19 | 1.20 | 1.21 | 1.22 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
| Date | Brokerage Firm | Analyst | Previous | Current |
|---|---|---|---|---|
| 6/27/2024 | Exane BNP Paribas | Karl Ackerman | Not Available | Strong Buy |
| 6/18/2024 | Daiwa America | Louis Miscioscia | Not Available | Strong Buy |
| 6/13/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
| 6/13/2024 | Truist Securities | William S Stein | Strong Buy | Strong Buy |
| 6/13/2024 | Piper Sandler | Harsh Kumar | Strong Buy | Strong Buy |
| 6/13/2024 | Mizuho SecuritiesUSA | Vijay R Rakesh | Strong Buy | Strong Buy |
| 6/13/2024 | UBS | Timothy Arcuri | Strong Buy | Strong Buy |
| 6/13/2024 | Goldman Sachs | Toshiya Hari | Strong Buy | Strong Buy |
| 6/13/2024 | Wells Fargo Securities | Aaron Rakers | Hold | Hold |
| 6/12/2024 | Rosenblatt Securities | Hans Mosesmann | Strong Buy | Strong Buy |
| 6/11/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
| 6/5/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
| 6/3/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
| 5/12/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
| 4/26/2024 | New Street Research | Pierre C Ferragu | Not Available | Strong Buy |
| 4/18/2024 | Not Identified | Not Identified | Hold | Hold |
| 4/16/2024 | Evercore Partners | Mark Lipacis | Not Available | Strong Buy |
| 4/1/2024 | Cowen & Co. | Matthew D Ramsay | Strong Buy | Strong Buy |
| 3/21/2024 | The Benchmark Company | Cody Acree | Strong Buy | Strong Buy |
| 3/20/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
| 3/11/2024 | Robert W. Baird & Co. | Tristan Gerra | Strong Buy | Strong Buy |
| 3/8/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
| 3/8/2024 | Susquehanna Financial Group | Christopher Rolland | Strong Buy | Strong Buy |
| 3/8/2024 | KeyBanc Capital Markets | John Vinh | Strong Buy | Strong Buy |
| 3/4/2024 | Cantor Fitzgerald & Co | Christopher J Muse | Strong Buy | Strong Buy |
| 2/13/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
| 12/8/2023 | Raymond James | Srini Pajjuri | Hold | Hold |
| 12/8/2023 | Summit Insights Group | Kinngai Chan | Hold | Strong Buy |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
| Current ABR | 1.19 |
| ABR (Last week) | 1.19 |
| # of Recs in ABR | 32 |
| Average Target Price | $1,865.15 |
| LT Growth Rate | 15.50% |
| Industry | Electronics - Semiconductors |
| Industry Rank by ABR | 158 of 252 |
| Current Quarter EPS Est: | 11.96 |