Buy, Sell or Hold: Broadcom (AVGO-Q) — Stock Predictions at Stockchase

NASDAQ:AVGO

560.10

17.79 (3.28%) 1d

Showing 1 to 15 of 53 entries

PAST TOP PICK

(A Top Pick Sep 28/20, Up 81%) The specialty chipmakers have done very well as demand remains high. Happy to own this.

BUY

A case where a stock goes down only due to an extraneous reason. They're struggling to meet strong demand. They're buying back shares. He admires the CEO. Sales and earnings are powerful now.

TOP PICK

Semis are the most important building blocks of the global economy. About 72-73% of revenue from chips, rest from software. Sells into a broad range of industries. Great recurring revenue. In reflation, you need rising dividends to offset rising rates, and this is a great way to do that instead of a utility or telecom. Yield is 2.66%, growing at 15-20% a year. (Analysts’ price target is $555.34)

BUY

It has a really great management team. They make wireless chips for iPhone, lots of products for data centers and are the epicenter for a lot of big growth projects. They layer acquisitions on top of all this. They are now looking to make another acquisition.

BUY on WEAKNESS

Into networking, wireless, and broadband, which feeds into data centres that are going strong. 12-month price target of $535, so not much runway. 75% revenues from semis, 25% from software. His buying levels are at $478, and 453. Decent dividend of 2.9%.

BUY

$490 was the last high back in February, then traded sideways, then broke out. This can go a lot higher.

TOP PICK

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)

BUY

Semiconductor companies. They a had a great run over the last decade. He prefers Broadcom. It is one of his largest holdings. He would be buying it here. He sees 3-5 years growth.

PAST TOP PICK

(A Top Pick Feb 11/20, Up 52%) They make semiconductor and networking chips. Recently they bought up legacy software companies. They roll their products into their account managers. Their gross margins have increased. It is a great capital allocation story. It is not as cheap as it was a year ago.

PAST TOP PICK

(A Top Pick Sep 28/20, Up 19%) New 3-year deal with Apple. A core holding for him.

BUY

The semis had a big rally today, and two analysts today predicted a strong report from AVGO next week. He agrees. If AVGO delivers, then the entire semi sector will rally.

BUY

Work from home triggered computer purchases, needing more semiconductors. 5G will also require semis, as well as vehicles and fridges. Semi outlook is wonderful. Intel is the only one that's struggling. He owns Broadcom, as they manufacture a lot of different components. Extremely well managed.

HOLD

Great company, great stock. Has a big piece of consumer products through Apple. Continue to hold. Likes the story a lot.

BUY

All semis can get a big boost from a Biden win, because he will will likely relax US-China trade tensions which pressured markets during Trump's term. This and Nvidia are trying to do takeovers that require the permission of the Chinese government. Broadcom's CEO is very acquisitive, but ever since the trade war, China has made these deals very hard, while Washington treats AVGO as it it's too close to the Chinese government. So, without the trade war, AVGO can return to big deals.

TOP PICK

Own the designer of the chips rather than the cell phone. If you want to be in the tech space, this is the one. (Analysts’ price target is $398.55)

Showing 1 to 15 of 53 entries

Broadcom(AVGO-Q) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 7

Stockchase rating for Broadcom is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Broadcom(AVGO-Q) Frequently Asked Questions

What is Broadcom stock symbol?

Broadcom is a American stock, trading under the symbol AVGO-Q on the NASDAQ (AVGO). It is usually referred to as NASDAQ:AVGO or AVGO-Q

Is Broadcom a buy or a sell?

In the last year, 7 stock analysts published opinions about AVGO-Q. 7 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Broadcom.

Is Broadcom a good investment or a top pick?

Broadcom was recommended as a Top Pick by on . Read the latest stock experts ratings for Broadcom.

Why is Broadcom stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Broadcom worth watching?

7 stock analysts on Stockchase covered Broadcom In the last year. It is a trending stock that is worth watching.

What is Broadcom stock price?

On 2022-01-28, Broadcom (AVGO-Q) stock closed at a price of $560.1.

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