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Blackstone Inc., managed by Stephen A. Schwarzman, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund increased its position by 6,182 shares.
Recent Updates on Broadcom Inc. stock
Broadcom (AVGO) shares have been volatile, recently falling as much as 9% over a week and about 8% over a month, yet remain roughly 50%–60% higher over the past year, with Street targets clustered around $458–$460 versus prices near $320–$345. Analysts keep a StrongBuy consensus driven by Broadcom’s key role in AI ASICs and networking, though D.A. Davidson’s Gil Luria has initiated with a cautious Hold and a $335 target.
Bullish voices like J.P. Morgan’s Harlan Sur ($475 target) and Wolfe Research’s Chris Caso ($400 target) highlight Broadcom’s deep partnership with Google on TPUs, projecting multi‑million unit shipments and tens of billions in AI ASIC revenue by 2026–2027, alongside surging AI networking sales. They argue this AI and data‑center exposure supports robust EPS growth and justifies premium valuation multiples despite recent share pullbacks and competitive risks from hyperscalers internalizing more of their chip design.
Spark’s Take on AVGO Stock
According to Spark, TipRanks’ AI Analyst, AVGO is a Outperform.
Score is driven primarily by strong financial performance (high margins and cash conversion) and upbeat earnings-call outlook led by accelerating AI growth and a large backlog. Offsetting the rating are a stretched valuation (high P/E with low yield) and a mixed/soft technical picture with negative MACD and the stock below its 50-day average.
To see Spark’s full report on AVGO stock, click here.
More about Broadcom Inc.
YTD Price Performance: -3.64%
Average Trading Volume: 31,613,381
Current Market Cap: $1576.7B