Expert Ratings For Broadcom
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) received mixed analyst ratings in the latest quarter, with 9 analysts offering opinions. The average 12-month price target for AVGO is $1111.11, a 13.09% increase from the previous target of $982.50. Notable analysts from firms like Goldman Sachs, Citigroup, and Truist Securities have provided ratings ranging from 'Buy' to 'Market Perform' with various price targets. Broadcom is a major semiconductor and software company with over $30 billion in annual revenue. It has shown a revenue growth rate of 4.09% and a high net margin of 37.91%. However, its debt-to-equity ratio of 1.64 indicates a higher financial risk.
January 19, 2024 | 12:00 pm
News sentiment analysis
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POSITIVE IMPACT
Broadcom received mixed analyst ratings with a bullish average 12-month price target of $1111.11, reflecting a positive sentiment. The company's strong revenue growth and net margin are positive indicators, but its high debt-to-equity ratio poses a risk.
The increase in the average price target suggests a positive outlook from analysts, which could lead to a short-term positive impact on AVGO's stock price. The company's strong financial performance is likely to be viewed favorably by investors, although the high debt-to-equity ratio may temper some enthusiasm. The confidence score reflects the general consensus among analysts and the company's solid financial metrics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100