Despite a significant decrease in late January due to the unexpected Deepseek appearance, Broadcom Stock (Nasdaq: AVGO) showcases recovery marks.
AVGO shares price rose from $ 179.33 on March 6 to $ 197.34 at the time of the press. With this recent development, Broadcom Stock returned to Green on the weekly graph with an increase of 2.56 %, although YTD (YTD) losses are still 14.88 %.
So, what caused a sudden move to the upward trend? On March 6, the semiconductor giant released Q1 FY 2025 Resournings. The arrow’s profits (EPS) reached $ 1.60, higher than the unanimity estimates of $ 1.50. The revenues of $ 14.92 billion excelled over the average expectations, which were linked to $ 14.61 billion.
In the aftermath of Beat Double, two researchers at Wall Street Equity reviewed their price goals for Broadcom.
Keybanc John Vinh maintains the “weight gain” rating on AVGO shares. In addition, the analyst raised his target price from $ 260 to $ 275. The researcher’s price expectations mean 39.35 % of the upward trend.
In a common note with investors, Vinh highlighted that Broadcom recently announced two “participation partners” of artificial intelligence, up to its total up to four. KEYBANC believes that these partners include Apple and Openai. To pave it, the analyst was cited 77 % on an annual basis (YOY) in artificial intelligence revenues-and is expected to witness an increase of 44 % on an annual basis in the next quarter.
Stacy Rachgon, a semi -conductor Bernstein analyst, honored the previous “superiority” rating on the AVGO stock. The researcher maintained the price of $ 250, which, if fulfilled, will equal 26.68 % over the current prices.
Rasgon praised the company’s powerful implementation, artificial intelligence growth, and improving long -term vision. Despite some weakness in the basic works, the analyst expects that 3 nanometers products enter production in 2H 25 and the strength of artificial intelligence will continue to compensate for any current issues and the acceleration of the upward trend in the last half of the year.
These recent reviews are much more difficult than the coverage that was seen in late December – most of which are in line with the reviews of the Wall Street analyst at the beginning of February.
Readers should also notice that Broadcom may witness short-term volatility-where according to what was reported, the company explores a deal Get Intel Design and Marketing Unit. Although the acquisition will work well with Broadcom, when the news broke out for the first time, AVGO shares – a small decline, decreased, if the deal is collected, it can provide an attractive entry point.
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