Key takeout
Broadcom (AVGO) is expected to report second quarter results after Thursday’s closure bell. Wall Street is hoping to increase revenue and profits fueled to demand for AI chips.
Analysts expect Broadcom to report on average $15.02 billion, up 20% year-on-year revenue, with adjusted net income of $7.8 billion from $5.39 billion the previous year. AI revenue is expected to rise 42% and 7% year-on-year to $4.42 billion.
Oppenheimer analysts called Broadcom “the second AI franchise after NVDA,” and raised their price target from $225 to $265 in a memo to clients on Thursday. “The core networking, wireless, broadband, server/storage and software franchises support sustainable growth,” analysts said. “We will remain long-term buyers.”
Of the 14 analysts tracked by Visible Alpha, 13 have a “buy” or equivalent rating of Broadcom stock and one has a “hold.” However, the consensus price target of nearly $247 suggests a rise of just 2% since the end of Friday.
Nvidia (NVDA)’s Strong Sales Report On Wednesday, after helping chipmakers push the world’s most valuable company titles to easily retrieve titles, an analyst at Morgan Stanley said, “Broadcom) is also positive in the AI ​​space, but we are struggling to generate additional enthusiasm.”
Broadcom’s stock has so far added just 4% in 2025.
