Based on the provided data and current market context, let me analyze AVGO's price prediction for next week.

Technical Analysis

The stock is currently showing signs of consolidation after a strong rally following its Q4 earnings report. The RSI of 63.83 indicates the stock is approaching but not yet in overbought territory .

Fundamental Drivers

• Strong AI Growth: Broadcom reported impressive AI-related revenue of $12.2 billion in fiscal 2024, up significantly from $3.8 billion in the previous year . The company expects 65% year-over-year AI revenue growth in the current quarter.
• Market Position: Broadcom controls 55-60% of the ASIC market according to JPMorgan , positioning it well to capture the $60-90 billion AI chip market opportunity by fiscal 2027.
• Valuation: The stock trades at a PEG ratio of 0.72, which is attractive compared to Nvidia's 0.82 , suggesting room for further upside.

Recent Catalysts

• Jefferies raised their price target to $300 from $225, naming AVGO as a top pick for 2025
• The stock recently joined the $1 trillion market cap club , demonstrating strong investor confidence

Price Prediction for Next Week Based on technical and fundamental analysis:

Support levels: $210.28 (Fibonacci pivot) Resistance levels: $241.66 (Fibonacci R1)

Scenarios:

• Bullish (60% probability): $235-242 range
• Neutral (30% probability): $220-235 range
• Bearish (10% probability): $210-220 range

Primary target: $235 with upward bias due to:

1. Strong AI growth momentum
2. Positive analyst sentiment
3. Technical indicators showing room for further upside

Recommendation: BUY with entry around current levels ($220-225) with a stop loss at $210.

Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Markets are inherently risky and past performance does not guarantee future results. Please conduct your own research and consult with a financial advisor before making investment decisions.