AVGO 187 AFTER EARNINGS ?
Broadcom (
AVGO) is setting the stage for a potentially explosive earnings report. With the tech sector, particularly AI, driving growth, here's why AVGO might just hit $187:
Earnings Expectations: Analysts are predicting a revenue of 12.96B for the next quarter, showcasing a significant jump from last year's 8.8B. This growth trajectory is fueled by Broadcom's strategic positioning in AI and enterprise solutions.
Market Sentiment: The buzz aroundAVGO on X is palpable. From stock split announcements to bullish analyst price targets, the sentiment is overwhelmingly positive. A recent post highlighted a potential for AVGO to be the next stock hitting $200, given its performance and market conditions.
Technical Analysis: The stock's chart shows strong support above key moving averages, suggesting bullish momentum. A break above previous highs could seeAVGO testing new levels, with some even eyeing an all-time high of $184, which could easily extend to $187 with positive earnings news.
AI and Market Growth: Broadcom's integration of VMware and its AI segment growth are expected to contribute significantly. With AI markets projected to grow by 40% in 2024,AVGO's AI-related revenues could exceed $10 billion this year, up from $4.2 billion in 2023.
Price Targets: Rosenblatt's raised price target to $240 from $165 indicates strong confidence in Broadcom's future, driven by AI and enterprise software synergies.
CAFE CITY STUDIO NYC 2024
AVGO) is setting the stage for a potentially explosive earnings report. With the tech sector, particularly AI, driving growth, here's why AVGO might just hit $187:Earnings Expectations: Analysts are predicting a revenue of 12.96B for the next quarter, showcasing a significant jump from last year's 8.8B. This growth trajectory is fueled by Broadcom's strategic positioning in AI and enterprise solutions.
Market Sentiment: The buzz around
AVGO on X is palpable. From stock split announcements to bullish analyst price targets, the sentiment is overwhelmingly positive. A recent post highlighted a potential for AVGO to be the next stock hitting $200, given its performance and market conditions.Technical Analysis: The stock's chart shows strong support above key moving averages, suggesting bullish momentum. A break above previous highs could see
AVGO testing new levels, with some even eyeing an all-time high of $184, which could easily extend to $187 with positive earnings news.AI and Market Growth: Broadcom's integration of VMware and its AI segment growth are expected to contribute significantly. With AI markets projected to grow by 40% in 2024,
AVGO's AI-related revenues could exceed $10 billion this year, up from $4.2 billion in 2023.Price Targets: Rosenblatt's raised price target to $240 from $165 indicates strong confidence in Broadcom's future, driven by AI and enterprise software synergies.
CAFE CITY STUDIO NYC 2024
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.