1 Wall Street Analyst Thinks Broadcom Is Going to $260. Is It a Buy Now?

Motley Fool12-19 21:15

Broadcom stock has soared since its earnings report on Dec. 12. Impressed with growth in the custom chip business, one analyst sees the stock going to $260. Broadcom has a long track ...

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Is It a Buy Now?","media":"Motley Fool","content":"<div>\n<p>Broadcom stock has soared since its earnings report on Dec. 12.\n\n\n\n\n\n\n\nImpressed with growth in the custom chip business, one analyst sees the stock going to $260.\n\n\n\n\n\n\n\nBroadcom has a long track ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/12/19/1-wall-street-analyst-thinks-broadcom-is-going-to/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1 Wall Street Analyst Thinks Broadcom Is Going to $260. 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Is It a Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 21:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/12/19/1-wall-street-analyst-thinks-broadcom-is-going-to/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Broadcom stock has soared since its earnings report on Dec. 12.\n\n\n\n\n\n\n\nImpressed with growth in the custom chip business, one analyst sees the stock going to $260.\n\n\n\n\n\n\n\nBroadcom has a long track ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/12/19/1-wall-street-analyst-thinks-broadcom-is-going-to/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0965509101.SGD","symbol_name":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","start_time":0,"source_url":"https://www.fool.com/investing/2024/12/19/1-wall-street-analyst-thinks-broadcom-is-going-to/","article_id":"2492176439","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F801281%2Ftweezers-with-computer-chip.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492176439","pubTimestamp":1734614100,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Broadcom stock has soared since its earnings report on Dec. 12.Impressed with growth in the custom chip business, one analyst sees the stock going to $260.Broadcom has a long track record of beating the market.Broadcom has been a longtime winner on the stock market, and today, the company is one of the most valuable companies in the world with a valuation topping $1 trillion.Thanks to strategic acquisitions and organic growth, Broacom is well positioned to capitalize on AI demand. The stock still looks like a strong buy.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4554":"元宇宙及AR概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","BK4566":"资本集团","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","LU0444971666.USD":"天利全球科技基金","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","AVGOP":"BROADCOM INC PFD SER A 22","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","AVGO":"博通"},"translate_title":"1华尔街分析师认为博通的股价将达到260美元。现在买吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVGOP":1,"AVGO":1},"content_text":"Broadcom stock has soared since its earnings report on Dec. 12.\n\n\n\n\n\n\n\nImpressed with growth in the custom chip business, one analyst sees the stock going to $260.\n\n\n\n\n\n\n\nBroadcom has a long track record of beating the market.\n\nShares of Broadcom (AVGO -6.91%) are suddenly soaring. The diversified semiconductor company impressed the market with its fiscal 2024 fourth-quarter earnings report last week, in particular its artificial intelligence (AI) growth.Broadcom, which may be best known for networking chips, has become the No. 2 chip stock behind Nvidia in the AI race, and the company now seems to be fulfilling that promise.The company said AI revenue jumped 220% to $12.2 billion in the fiscal year due to the growth of its AI XPUs and \"Ethernet networking portfolio.\" That made up nearly half of its $30.1 billion semiconductor revenue in the year. Now, Wall Street is taking notice with a number of analysts upgrading the stock and raising price targets in the aftermath of the report.Image source: Getty Images.Truist expects more gains for BroadcomAmong the analysts reaffirming their bullishness on Broadcom was Truist, which raised its price target from $245 to $260 per share and reaffirmed its buy rating, according to media reports. The price target hike was the bank's second since Broadcom reported last week, reflecting the stock's post-earnings surge as it is now up 33% as of Dec. 17. Based on the $260 price target, Truist believes Broadcom has near-term upside of 8%.Truist was particularly impressed by management's forecast that demand from three of its ASIC (custom chip) customers will reach $60 billion to $90 billion by fiscal 2027, implying a compound annual growth rate of 20% to 30% over the next three years.Is Broadcom a buy?Broadcom has been a longtime winner on the stock market, and today, the company is one of the most valuable companies in the world with a valuation topping $1 trillion.Thanks to strategic acquisitions and organic growth, Broacom is well positioned to capitalize on AI demand. The stock still looks like a strong buy.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492176439"}