Broadcom Inc [AVGO] stock prices are up 3.23% to $180.73 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AVGO shares have gain 7.92% over the last week, with a monthly amount glided 28.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Buy rating on July 16, 2024, and elevated its price target to $210. On July 11, 2024, Rosenblatt reiterated its Buy rating and revised its price target to $2400 on the stock. Citigroup reiterated its Buy rating but stick to its price target of $1560 on June 11, 2024. Melius initiated its recommendation with a Buy and recommended $1850 as its price target on June 03, 2024. Jefferies started tracking with a Buy rating for this stock on May 13, 2024, and assigned it a price target of $1550. In a note dated April 17, 2024, Barclays reiterated an Overweight rating on this stock and boosted its target price from $1405 to $1500.
The stock price of Broadcom Inc [AVGO] has been fluctuating between $81.83 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 $180.73 at the most recent close of the market. An investor can expect a potential drop of -10.02% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
The Broadcom Inc [NASDAQ:AVGO] reported sales of 46.81B for trailing twelve months, representing a surge 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 176.55 points at the first support level, and at 172.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.26, and for the 2nd resistance point, it is at 185.78.
Ratios To Look Out For
It’s worth pointing out that Broadcom Inc [NASDAQ:AVGO]’s Current Ratio is 1.04. On the other hand, the Quick Ratio is 0.94, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 18.03, the price to book ratio is 12.86 and price to earnings (TTM) ratio is 157.32.
Transactions by insiders
Recent insider trading involved TAN HOCK E, President and CEO, that happened on Oct 04 ’24 when 20000.0 shares were sold. President and CEO, TAN HOCK E completed a deal on Oct 03 ’24 to sell 20000.0 shares. Meanwhile, Officer Brazeal Mark David bought 20280.0 shares on Oct 07 ’24.
