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Broadcom Inc. (AVGO)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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At close: 4:00PM EDT
5,453 reactions on $AVGO conversation
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PE Shown is Totally Inaccurate at 68.13. It is much Closer to 16X and NOT 68X.
AVGO is expected to Earn$21.94 in 2020, and just gave higher Guidance Recently. For 2021 the Avg Estimate is for $25.30 and at 18X pps would be $455/share. Very misleading numbers on the Summary Page.
This is a great stock. still growing like a tech stock. not #$%$ growth like many tech. but slow and steady. and also a dividend king. if i were to ever do a 1 stock portfolio. this would be the stock
the 5g upgrade shild be catalyst for years to come with apple and samasing start rolling out i see avgo at 500 next year
About time smart money started moving to solid stocks like AVGO from the many bubble stocks in market right now.
Guides higher for 4th qtr
Aggressively paying down debt
Huge catalyst with 5G ramp up (20-25% revenues coming from AAPL)
Whats there to not like?
3 PT raises today. Susquehanna, Oppenheimer and BMO. All this before the great earnings to come . Maybe 400 by end of week
EPS of $5.40 and revenue of $5.8B. $400 here we come!!
The big earnings report day. We will either have to hold onto our hats or hold on to our ankles. GLTA
Who is holding through earnings?
AVGO released earnings one week too late. Last Tuesday they would've been over 400 easily.
We are raising our F20 revenue and EPS estimates from $22.9 billion and $15.55 to $23.8 billion and $17.41, our F21 revenue and EPS estimates from $23.9 billion and $16.35 to $25.8 billion and $20.20, and our F22 revenue and EPS estimates from $26.3 billion and $19.71 to $27.4 billion and $22.46 due to the higher results and guidance.
Reiterate Buy on valuation.
We reiterate our Buy rating on AVGO on attractive valuation and raise our price target from $360.00 to $415.00, or 20X C21E EPS, in line with its current valuation but still below its peer average of 24X.
3 billion in FCF - awesome
If the market bounces hard, this will do 5-10% one day again. The selling has overshadowed the killer good earnings.
4Q guidance is 6.4 Bil and above expectations
New hardware and Price target... should be a good day
Target Raised by Oppenheimer Holdings Positive » Outperform USD 350 » USD 400
This will run premarket tomm and all day up to earnings, another 5-10% np, then 20% after good earnings call, -20% if bad
As I mentioned a few weeks ago when we began the run at $310... this will be $400 or around there next Friday. I hope you all are ready .
From the CC:
Edward Snyder -- Charter Equity -- Analyst
Thanks. Your wireless business is booming, obviously, on the 5G release with your largest customer, but maybe we can talk about a little bit longer term. There's no secret, your largest customers' largest initiative is to do their own baseband modem. And I mean that's a job unto itself.
The interface, the entire RF front end, has to usually be designed by somebody other than the baseband guys. That's the case for all baseband providers now. In fact, most baseband from MediaTek to Qualcomm are turning to the incumbents, the large RF semi companies, to do the actual architecture design itself. Since you are the strategic partner for the largest portion of that, is it fair to assume that you will be intimately involved in this? And does that change the nature of your relationship in terms of revenue growth or margins? Because this is a once in a company history event for your largest customer, if they can get it working, they're going to need all the help they can get.
So how does this affect the margin profile and, more importantly, the revenue growth over the next two, three years in wireless?
Hock Tan -- President and Chief Executive Officer
Ed, I love the fact that you know so much about this business. And equally, you will know, I can't comment on that, sorry.
If we didn't have market meltdown today, this would be $400 after that report.
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