Broadcom Inc [AVGO] stock is trading at $167.69, up 1.90%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AVGO shares have gain 22.41% over the last week, with a monthly amount glided 6.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Broadcom Inc [NASDAQ: AVGO] stock has seen the most recent analyst activity on July 16, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $210 from $175. Previously, Rosenblatt reaffirmed its Buy rating on July 11, 2024, and elevated its price target to $2400. On June 11, 2024, Citigroup reiterated its Buy rating but maintained its price target of $1560 on the stock. Melius started tracking the stock assigning a Buy rating and suggested a price target of $1850 on June 03, 2024. Jefferies initiated its recommendation with a Buy and recommended $1550 as its price target on May 13, 2024. Barclays reiterated a Overweight rating for this stock on April 17, 2024, and upped its price target to $1500. In a note dated April 16, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $1620 on this stock.
Broadcom Inc [AVGO] stock has fluctuated between $79.51 and $185.16 over the past year. Currently, Wall Street analysts expect the stock to reach $162.62 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $167.69 at the most recent close of the market. An investor can expect a potential drop of -3.02% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
Broadcom Inc [NASDAQ:AVGO] reported sales of 46.81B for the trailing twelve months, which represents a growth of 47.27%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 165.13 points at the first support level, and at 162.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.17, and for the 2nd resistance point, it is at 170.64.
Ratios To Look Out For
For context, Broadcom Inc’s Current Ratio is 1.04. Further, the Quick Ratio stands at 0.94, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 16.73, the price to book ratio is 11.93 and price to earnings (TTM) ratio is 145.97.
Transactions by insiders
Recent insider trading involved TAN HOCK E, President and CEO, that happened on Jul 11 ’24 when 7502.0 shares were sold. Director, PAGE JUSTINE completed a deal on Jun 20 ’24 to sell 254.0 shares. Meanwhile, Director PAGE JUSTINE sold 312.0 shares on Jun 17 ’24.
