Broadcom · Wall Street · Google · Crypto Briefing
Broadcom price targets raised by multiple analysts post-earnings selloff
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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AVGO dropped 14-15% after earnings despite blowout AI revenue, and most Wall Street analysts are calling it a buying opportunity.
Key facts
- Morningstar was the most bullish of the bunch, bumping its fair value estimate to $650 from $550, an 18% increase
- The consensus analyst price target now clusters in the $490-$511 range, with an overall Strong Buy rating
- AVGO dropped 14-15% after earnings despite blowout AI revenue, and most Wall Street analysts are calling it a buying opportunity
- Looking ahead, Broadcom guided Q3 total revenue to $29.4B, with $16B expected from AI semiconductors alone
Summary
Broadcom posted one of the strongest quarters in its history, and the stock got punished for it. The culprit: an unchanged full-year AI revenue target of $100B that left traders wanting more. Broadcom’s fiscal Q2 revenue landed at $22.19B, a 48% jump compared to the same quarter a year ago. The real headline within the headline was AI semiconductor revenue.