Broadcom (AVGO) Earnings Play with Target PT $307

about 2 months ago

"Broadcom (AVGO), trading at 45 times forward earnings, has an average target price of $307 according to analysts; despite some lowered EPS estimates, the upside remains attractive provided the stock doesn't pull back to around $253."

The analyst discusses Broadcom (AVGO) in the context of its upcoming earnings announcement, highlighting a trade setup where the stock is seen as expensive but with a defined reward profile. With an average target of $307 and a noted risk of a decline to $253, this insight provides clear entry/exit parameters for investors.

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