Reported 26 days ago
Ahead of its fiscal Q4 and full-year 2024 earnings report on December 12, analysts have expressed a bullish outlook on Broadcom, increasing the stock price target from $175 to $205. Broadcom, which recently acquired VMware for $61 billion, is expected to report a revenue increase of 51% year-over-year, potentially reaching $14.06 billion. Despite a recent loss in Q3 attributed to the acquisition, positive forecasts stem from strong demand in AI semiconductors and partnerships with major tech firms.
Source: YAHOO