Key control
- The fiscal results of the Second Broadcom quarter must be presented after the closing bell on Thursday.
- Wall Street expects the chips manufacturer to report increasing income and profits fueled by the demand for AI.
- Most analysts tracked by Visible Alpha have a “purchase” or equivalent rating, but their consensus target price suggests that they do not see great profits for shares.
Broadcom (AVGO) is scheduled to inform the fiscal results of the second quarter after the closing bell on Thursday, with Wall Street waiting for increasing income and profits fueled by the demand for AI chips.
Another analysts expect Broadcom to report revenues of $ 15.02 billion, 20% more after year and a adjusted net income of $ 7.8 billion, compared to $ 5.39 billion a year ago. AI’s income is expected to rise 42% year after year and 7% sequentially at $ 4.42 billion.
Oppenheimer analysts called Broadcom the “Franchise of ia No. 2 after NVDA”, in a client note on Thursday, raising its target price to $ 265 from $ 225. The “Broadcom central franchises in networks, wireless, broadband, server/storage and software support sustainable growth,” analysts said. “We allow buyers in the long term.”
Of the 14 analysts tracked by Visible Alpha, 13 have a “purchase” or equivalent rating for Broadcom actions, with a “retention.” However, its target consensus price of about $ 247 would suggest only 2% rise since the closing of Friday.
After the solid sales report of NVIDIA (NVDA) on Wednesday it helped boost the chips manufacturer to briefly claim the most valuable company in the world, Morgan Stanley analysts said that “they are also positive in [Broadcom] In the space of AI, but we have difficulty generating additional enthusiasm. “
Broadcom’s shares have added just over 4% in 2025 so far.
