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Stocklytics Platform
BETA
Instrument logo  AVGO

Broadcom Inc

AVGO
82 / 100
High Quality
S&P500
$1,296.22arrow_drop_down-0.98%-$12.90

Financial Forecast

AI Price Prediction

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Analyst Ratings

Analyst ratings for this stock instrument are based on analysts' assumptions and should not be solely relied upon for financial decisions.

Broadcom Inc (AVGO) Stocklytics Forecast

Broadcom Inc (AVGO) stock has been performing well in recent years, and many analysts believe that this trend will continue into the future. With a solid track record of revenue growth and a strong position in the semiconductor industry, AVGO is poised for future success. In terms of price predictions, experts anticipate that AVGO stock will continue to rise over the next few years, reaching new highs. This is due to several factors, including the company's strong financial performance, its ability to innovate and adapt to changing market trends, and its strategic acquisitions.

One key factor driving AVGO's growth is its focus on diversifying its product portfolio. By expanding beyond its traditional semiconductor offerings and entering new markets, such as networking and software, the company is able to tap into additional revenue streams. This strategy has been successful, with AVGO consistently reporting double-digit revenue growth in recent quarters. Another factor contributing to AVGO's positive forecast is its investment in research and development. By continuously innovating and developing new technologies, AVGO is able to stay ahead of its competitors and maintain its market leadership.

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Frequently Asked Questions

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What is the analyst price prediction for Broadcom Inc (AVGO) stock?

Analysts have set a target price of $1.14K for Broadcom Inc (AVGO), based on forecasts from 17 analysts. The predicted price range extends from a high of $1.45K to a low of $995. This represents a potential increase of up to 11.86% and a decrease of -23.24% from the current price of $1.3K. These forecasts are as of 2023 Aug 29.

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What are the analyst ratings for Broadcom Inc (AVGO) stock?

The analyst ratings for Broadcom Inc (AVGO) are distributed as follows: 27 analysts recommend buying, 2 have a neutral stance, and 0 suggest selling. The prevailing sentiment among the total of 29 analysts leans towards a buy rating. These ratings indicate the general sentiment among the analysts covering Broadcom Inc.

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What is the AI price prediction for Broadcom Inc (AVGO) stock?

The AI price prediction model, leveraging machine-learning techniques, forecasts that Broadcom Inc (AVGO) stock could reach $1.34K by 2024 Feb 29. This prediction indicates a potential price change of 3.17%. The forecast has a lifetime of 30 days, culminating on the target date provided. The prediction was made on 2024 Feb 01.

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