What Wall Street analysts think about Broadcom stock in terms of earnings

Broadcom (AVGO) is set to report its fourth-quarter results after the market closes on Thursday, with analysts mostly bullish on the chipmaker’s prospects.

All 12 Broadcom analysts tracked by Visible Alpha have a “buy” or equivalent rating on the stock, with a consensus price target of about $195. That’s almost 10% higher than Thursday’s intraday price near $178.

According to analysts, sales rose 51%

Wall Street expects Broadcom to report revenue of $14.06 billion, up 51% from a year ago, and net income of $3.52 billion, or 76 cents per share, compared at $3.52 billion, or 83 cents per share, last year.

In its most recent quarter, Broadcom posted a loss of $1.88 billion, due in part to increased expenses related to its November 2023 acquisition of software company VMware.

Shares of Broadcom fell 3% on Thursday morning but are up 60% in 2024.

UPDATE – Dec 12, 2024: This article has been updated to reflect more recent analyst estimates and stock price information.