Locator: 50124AVGO.
Early morning trading:
The numbers will be staggering.
That doesn't mean the stock price will reflect those numbers.
Current price target:
- March 4, 2026, pre-market: $317
- price target by one analyst: lowered to $340 (from $375)
Link here to Yahoo!Finance from The Street.
Some data points:
- price target: $340
- AVGO has gained almost 60% in the past year
- compare with SPDR S&P 500: up 15% in same period
- has outpaced the S&P 500 but has also outpaced all but one of the Magnificent 7
- Google Gemini failed to answer the question correctly
- the only Mag 7 company that beat AVGO: GOOG, which is up 80%.
- the others:
- NVDA: up 46%
- TSLA: up 38%
- AAPL: up 9%
- MSFT: flat
- AMZN: up 2%
- META: DOWN 2%
- the stocks being the biggest winners are thanks to their partnership with Broadcom
- Broadcom helped Google build its TPUs
- outlook for 1Q26, AVGO:
- revenue: $19.1 billion
- adjusted EBITDA: 67% of projected revenue
- non-GAAP EPS: $2.00
- Anthropic's planned procurement of up to 1 million TPUs resulted in $21 billion rack orders for Broadcom
Link here to Motley Fool.
- share price should soar this year;
- 1Q26 revenue prediction: $19.1 billion; 28% y/y;
- backlog at end of 2025: $162 billion (which includes $73 billion for its AI chips)
- guidance: 2026 revenue estimate of almost $100 billion, 53% increase y/y
- Broadcom's 12-month median price target: $458; 43% jump from current price
Link here to Benzinga.
- "record revenue but stock is looking "on the ropes."
- EPS projected: $1.88 up from $1.60
Dividend: raised its dividend last quarter; no raise in dividend expected today.