Is Broadcom Stock a Buy Now?
Shares of semiconductor giant (NASDAQ: AVGO) have more than doubled in the past year, but they fell nearly 7% in early March after the company released results for fiscal 2024's first quarter (ended Feb. 4) -- and that was despite better-than-expected numbers.
Broadcom's revenue and earnings exceeded expectations, while its fiscal 2024 revenue guidance of $50 billion was slightly ahead of the $49.8 billion consensus estimate. Investors, however, were probably expecting more from Broadcom in light of the company's growing artificial intelligence (AI) business.
Let's take a closer look at Broadcom's quarterly results and check if its latest drop is a buying opportunity for investors.
Source Fool.com
Broadcom Ltd. Aktie
337,80 €
0,49 %
Die Community ist sich einig: Broadcom Ltd. nur mit Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein positives Kurspotenzial für Broadcom Ltd. ist gegeben, mit einem Kursziel von 396 € über dem aktuellen Kurs von 337.8 €.
