At the time of writing, Broadcom Inc [AVGO] stock is trading at $190.09, up 3.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The AVGO shares have gain 1.39% over the last week, with a monthly amount drifted -15.47%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Broadcom Inc [NASDAQ: AVGO] stock has seen the most recent analyst activity on December 13, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $240 from $210. Previously, Mizuho reaffirmed its Outperform rating on October 14, 2024, and elevated its price target to $220. On September 18, 2024, William Blair initiated with a Outperform rating. TD Cowen reiterated its Buy rating and increased its price target to $210 on July 16, 2024. Rosenblatt reiterated its recommendation of a Buy and raised its price target to $2400 on July 11, 2024. Citigroup reiterated a Buy rating for this stock on June 11, 2024, but kept the price target unchanged to $1560. In a note dated June 03, 2024, Melius initiated an Buy rating and provided a target price of $1850 on this stock.
For the past year, the stock price of Broadcom Inc fluctuated between $119.76 and $251.88. Currently, Wall Street analysts expect the stock to reach $249.25 within the next 12 months. Broadcom Inc [NASDAQ: AVGO] shares were valued at $190.09 at the most recent close of the market. An investor can expect a potential return of 31.12% based on the average AVGO price forecast.
Analyzing the AVGO fundamentals
According to Broadcom Inc [NASDAQ:AVGO], the company’s sales were 54.53B for trailing twelve months, which represents an 24.71% jump. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
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 185.08 points at the first support level, and at 180.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 195.36, and for the 2nd resistance point, it is at 200.62.
Ratios To Look Out For
It is important to note that Broadcom Inc [NASDAQ:AVGO] has a current ratio of 1.00. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 16.39, the price to book ratio is 13.16 and price to earnings (TTM) ratio is 91.59.
Transactions by insiders
Recent insider trading involved HARTENSTEIN EDDY W, Director, that happened on Jan 08 ’25 when 4000.0 shares were sold. Director, Low Check Kian completed a deal on Jan 06 ’25 to sell 48000.0 shares. Meanwhile, Director Eddy W. Hartenstein bought 4000.0 shares on Jan 08 ’25.
