Broadcom Inc [NASDAQ: AVGO] gained 2.99% on the last trading session, reaching $1294.42 price per share at the time.
If compared to the average trading volume of 2.97M shares, AVGO reached a trading volume of 3018122 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Broadcom Inc [AVGO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVGO shares is $1551.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVGO stock is a recommendation set at 1.65. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Broadcom Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 17, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 16, 2024, representing the official price target for Broadcom Inc stock. Previously, the target price had yet another raise to $1500, while Deutsche Bank analysts kept a Buy rating on AVGO stock. On March 21, 2024, analysts increased their price target for AVGO shares from 1400 to 1500.
The Average True Range (ATR) for Broadcom Inc is set at 46.29, with the Price to Sales ratio for AVGO stock in the period of the last 12 months amounting to 15.43. The Price to Book ratio for the last quarter was 8.53, with the Price to Cash per share for the same quarter was set at 25.60. Price to Free Cash Flow for AVGO in the course of the last twelve months was 32.61 with Quick ratio for the last quarter at 1.24.
Trading performance analysis for AVGO stock
Broadcom Inc [AVGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.81. With this latest performance, AVGO shares dropped by -2.78% in over the last four-week period, additionally plugging by 46.91% over the last 6 months – not to mention a rise of 108.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AVGO stock in for the last two-week period is set at 50.07, with the RSI for the last a single of trading hit 51.48, and the three-weeks RSI is set at 50.49 for Broadcom Inc [AVGO]. The present Moving Average for the last 50 days of trading for this stock 1,303.86, while it was recorded at 1,245.92 for the last single week of trading, and 1,047.44 for the last 200 days.
Broadcom Inc [AVGO]: A deeper dive into fundamental analysis
Broadcom Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.24 and a Current Ratio set at 1.33.
Broadcom Inc [AVGO]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AVGO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Broadcom Inc go to 14.40%.
An analysis of Institutional ownership at Broadcom Inc [AVGO]
The top three institutional holders of AVGO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AVGO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AVGO stock with ownership which is approximately 5.8386%.
