Broadcom: Performance exceeded expectations, target price raised to $2,000, or become a trillion-dollar club member
[Broadcom's stock price soared, Bank of America raised target price]
On Thursday, semiconductor manufacturer Broadcom announced results exceeding expectations and announced a stock split plan, and the stock price soared.
Bank of America believes that Broadcom has more potential, raised its target price to $2000 and reaffirmed its “buy rating.”
Broadcom is one of the semiconductor manufacturers boosted by the AI boom, with sales of artificial intelligence products reaching $3.1 billion in the second quarter of this fiscal year.
Bank of America raised its sales forecast for FY2025, with the main positive factors being semiconductor sales and VMware.
Broadcom's debt repayments could create room for next year's mergers and acquisitions, double-digit FCF growth in FY24, or increase dividends.
On Thursday, semiconductor manufacturer Broadcom announced results exceeding expectations and announced a stock split plan, and the stock price soared.
Bank of America believes that Broadcom has more potential, raised its target price to $2000 and reaffirmed its “buy rating.”
Broadcom is one of the semiconductor manufacturers boosted by the AI boom, with sales of artificial intelligence products reaching $3.1 billion in the second quarter of this fiscal year.
Bank of America raised its sales forecast for FY2025, with the main positive factors being semiconductor sales and VMware.
Broadcom's debt repayments could create room for next year's mergers and acquisitions, double-digit FCF growth in FY24, or increase dividends.
[Broadcom rose more than 16% in the intraday period! [Bank of America is optimistic about entering the “trillion club”, and its stock price will rise by two digits] Bank of America reports that Broadcom's target share price will be drastically raised by 19% to $2,000, nearly 34% higher than Wednesday's closing, saying that Broadcom's EPS growth reached double digits, and that it has the best profitability, free cash flow generation, and return in the semiconductor industry. Broadcom has high-quality products in the smartphone, cloud data center, telecommunications, and enterprise storage markets. (From@华尔街见闻APP)
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株を買うということは、狩猟で網を広げて、捕獲すべき動物を捕獲し、捕獲してはいけない動物を正面から逃がすようなものです。
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