AVGO is preparing for gathering: Jefferies sees 19 % of the upward trend

Broadcom today
As of 04:00 pm
- 52 weeks
- 128.50 dollars
▼
$ 277.71
- Profit
- 0.87 %
- P/E ratio.
- 101.09
- The target price
- 281.25 dollars
Broadcom Nasdak: AVGO I just got a new target price signal Great upside down For the arrow. on monday, Repeat Blayne Curtis from Jefferies His purchase rating on the chips giant and strengthened its target price from $ 300 to $ 315. As of the closure of July 1, Broadcom is trading just less than $ 265 per share.
Meanwhile, the price of Marketbeat consensus on Broadcom is slightly more than $ 281. This average goal means only about 6 % up in stocks. However, Cortis is significantly optimistic. His new goal suggests that Broadcom may rise three times more, which means approximately 19 % of the upward trend.
A major part of the Cortis analysis emerges when it comes to the possibility of obtaining Broadcom shares that move $ 300.
AI chips from Broadcom: How can networks help lead stocks to new levels
The integrated circuits of the Broadcom (ASics) application and networks of semiconductor business are formed from artificial intelligence. Asics are the chips that Broadcom developed to train artificial intelligence and inference work burdens. They are competitors and complete Nvidia Nasdak: nvda The famous graphics processing units (GPUS), depending on the context.
ASIC sales are what the market is really looking for when determining whether the Broadcom level will be upgraded or reduced. Meanwhile, Broadcom is made network chips for AI Data Center keys and routers. Keys and routers control the flow of information between the components of the various AI data center. Tomahawk and Jericho are the leading company families of the company.
The exciting side of Cortis analysis is these network chips. It is well known that Broadcom currently has three superior customers and four potential customers for its ASIC company. These current and potential clients represent the seven cited Curtis.
However, Courtis states that five of these superior are already communication agents. If Cortis is right, this information is greatly It enhances Broadcom.
To push stocks to their highest new levels, the markets want to see the Broadcom converting its potential customers from ASIC to that actual. The fact that Broadcom has not issued an advertisement like this last quarter is a great reason that makes the shares that are sold after the post -Q2 profits.
Cortis analysis indicates that the complications of potential ASIC clients from Broadcom are already clients. This current relationship increases the possibility of ASIC clients as well. Thus, the idea that the shares of Broadcom can move above based on the transfer of the ASIC potential customer is more likely to run.
Tomahawk 6: Sudden Growth Growth Engine Broadcom
The link between ASIC customer conversion and network slices is particularly important now. This is due to the last launch of Broadcom’s Tomahawk 6 network networks. Tomahawk 6 chip can make twice the number of data like anything else. This allows Broadcom to take advantage of the direction you see in communication.
Data centers are increasingly transformed towards ETIRNET technology in Broadcom to support architecture “scale”. This is where the servers become more intense, and fill in more computing energy in the same amount of space.
Display the pioneering frequency range in the industry in Tomahawk 6 makes it perfect to meet this need. Double the width of the frequency range means that users can connect the number of components with twice the number of components without sacrificing performance. This allows the Scale Up, which is the exact opportunity that Broadcom sees.
In addition, the ingenuity of Tomahawk 6 can increase the Broadcom capabilities for sale asic. In this way, Tomahawk 6 places Broadcom to increase network revenues and acquire ASIC customers.
AVGO: $ 315 is far from unrealistic
Broadcom shares expectations today
281.25 dollars
He buys
Based on 29 analyst classifications
The current price | 269.90 dollars |
---|---|
High expectations | 400.00 dollars |
Average expectations | 281.25 dollars |
Low expectations | 190.00 dollars |
Broadcom
Cortis analysis indicates one main fact: Investors should not ignore the piece of networks of AI Broadcom’s chip revenue. Network chips made up 40 % of the total revenue of artificial intelligence in the last quarter. The sales of these chips grew by 170 % in the last quarter, or more than three times the growth rate of 46 % of the total semiconductor revenues of artificial intelligence.
More importantly, this rapid growth rate came before Tomahawk 6 is available. In general, Broadcom has several ways in which you can continue to grow in impressive manner, whether it is ASICS, networks or VMware. The company is clearly confident in its future. Spent More than $ 4.2 billion on re -purchases in the last quarterThe second highest quarterly amount Re -purchase spending In its history.
With technology leadership and the opportunity to get new new customers, Broadcom’s shares can reach $ 315.
Before you think about Broadcom, you will want to hear this.
Marketbeat follows the best research analyst at Wall Street, the best performance in Wall Street and the stocks they recommend to their customers on a daily basis. Marketbeat has identified the five shares whom the top analysts quietly whispered to their customers to buy now before hunting the broader market … and Broadcom was not in the list.
While Broadcom currently has a buying classification among analysts, higher -rated analysts believe that these five stocks buy better.
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