To predict the stock price of Broadcom Inc. (AVGO) for the next trading week, we will analyze both fundamental and technical factors, including recent news and technical indicators.
Broadcom has recently reported strong Q1 FY25 results, with revenue growing 25% year-over-year to $14.92 billion, driven by robust performance in AI semiconductor solutions and infrastructure software. AI revenue alone grew 77% year-over-year to $4.1 billion, and the company expects continued strength in AI semiconductor revenue of $4.4 billion in Q2 FY25 . This strong performance has led to a consensus Strong Buy rating from Wall Street analysts, with a price target suggesting a 31.6% upside potential.
The stock is currently trading at $191.43, with key technical indicators suggesting mixed signals:
The stock has shown volatility in recent sessions, with a 12.7% surge in pre-market trading following strong earnings but has since consolidated. The stock is trading near its 50-day moving average ($193.90), which could act as a support level.
Based on the strong fundamental performance and positive analyst sentiment, we predict the stock will trade in a range of $190 to $195 next week, with a slight upward bias. The stock is a BUY at current levels, as the positive momentum from AI growth and infrastructure software is expected to continue.
Prediction: $195.00
Recommendation: BUY
The price of AVGO is predicted to go up -3.5%, based on the high correlation periods with AVIR. The similarity of these two price pattern on the periods is 97.42%.
AVGO
AVIR
Year
AVGO Price Forecast($)
Potential Return(%)
2025
265.000
13.950
2026
400.000
100.570
2027
467.000
134.170
2028
350.000
75.500
2029
850.000
326.210
2030
450.000
125.640
Broadcom is a poster child for operating efficiency. It earns excellent operating margins and generates enormous cash flow. It is particularly strong at acquiring companies and trimming excess expenses.
Broadcom's networking and wireless chip businesses boast best-of-breed technologies in our view, along with marquee customer relationships with Apple, Google, Cisco, Arista Networks, and others.
We believe Broadcom will be a significant beneficiary of rising artificial intelligence spending, which we expect to spur significant growth for its networking semiconductor sales.
Morgan Stanley
2025-03-07
Price Target
$246 → $260
Upside
+33.52%
Truist Securities
2025-03-07
Price Target
$260 → $267
Upside
+37.11%
Mizuho
2025-03-07
Price Target
$260 → $250
Upside
+28.38%