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Analysts Bullish on Broadcom (AVGO) Ahead of Q3 Earnings Amid AI Momentum
Analysts Bullish on Broadcom (AVGO) Ahead of Q3 Earnings Amid AI Momentum
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Broadcom Inc. (AVGO) is poised to report fiscal Q3 earnings on September 4, with Wall Street anticipating a 21% YoY revenue surge to $15.82 billion and EPS of $1.66. Citi analyst Christopher Danely projects upside from AI-driven growth, forecasting $19.5 billion in AI-related revenue for FY25—a 60% annual increase. Hyperscaler demand from Google and Meta is expected to fuel Q4 guidance above consensus.
The semiconductor giant’s stock has drawn upgraded price targets, now at $315, as institutional confidence grows in its AI infrastructure play. Margin pressures linger but are outweighed by Broadcom’s positioning in the accelerating AI chip race.
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