
NASDAQ:AVGO
This summary was created by AI, based on 45 opinions in the last 12 months.
Broadcom (AVGO) is recognized as a key player in the competitive AI chip market, exhibiting a blend of value and growth opportunities. Analysts express confidence in its long-term trajectory, highlighted by substantial revenue and earnings growth projections, with some expecting an annual growth rate exceeding 60%. Despite some recent volatility and earnings guidance that led to share price drops, many experts advise buying on dips and maintaining positions, as Broadcom continues to deepen relationships with major clients like Google and Meta. Concerns regarding high valuations persist, alongside the competitive pressures exerted by Nvidia and other peers. Overall, AVGO is deemed a compelling investment for those looking to capitalize on the AI infrastructure boom, although caution about overvaluation levels is advised.
A leader across the entire communication sector, set top boxes and all the things Rogers and BCE need. They have server farms and cell phones. Management has a strong record of growth, acquisitions and profitability. It generates 25% of its revenue from infrastructure software. The dividend has grown every year. He sees it growing its earnings 10% and its multiple increases 10-15%, it will generate a very nice return per annum for several years. (Analysts’ price target is $529.45)
(A Top Pick Sep 28/20, Up 19%) New 3-year deal with Apple. A core holding for him.