Added to YB: 2024-03-22
Pitch date: 2024-03-21
AVGO [bullish]
Broadcom Inc.
+137.67%
current return
Author Info
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Company Info
Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions internationally.
Market Cap
$1.5T
Pitch Price
$132.30
Price Target
1.7K (+434%)
Dividend
0.83%
EV/EBITDA
41.21
P/E
61.30
EV/Sales
22.57
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Broadcom Showcases AI Accelerator and High-Speed Switching Opportunities (BofA)
AVGO: BofA reiterates Buy, $1680 PT post AI event. Confidence in FY25 growth from expanding AI accelerator & high-speed switching opportunity. AI sales outlook $10B+ FY24 (+140% YoY). 3rd AI ASIC customer, 1M+ accelerator cluster support via Ethernet, co-packaged optics sampling. $14B+ AI sales by CY26 (>50% CAGR).
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