{"id":1151,"date":"2025-06-18T16:42:41","date_gmt":"2025-06-18T16:42:41","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2025\/06\/18\/is-broadcom-stock-price-on-the-cusp-of-a-bullish-breakout\/"},"modified":"2025-06-18T16:42:41","modified_gmt":"2025-06-18T16:42:41","slug":"is-broadcom-stock-price-on-the-cusp-of-a-bullish-breakout","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2025\/06\/18\/is-broadcom-stock-price-on-the-cusp-of-a-bullish-breakout\/","title":{"rendered":"Is Broadcom stock price on the cusp of a bullish breakout?"},"content":{"rendered":"
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Broadcom stock price has surged by over 80% from its lowest point in April as most companies in the artificial intelligence sector rebounded. AVGP was trading at $250 on Tuesday, a few points below the all-time high of $265. Its market capitalization has jumped by over $1.17 trillion.<\/p>\n

Broadcom’s business is thriving<\/h2>\n

Broadcom is one of the biggest players in the technology industry. It is a diversified company operating in areas like semiconductor solutions, infrastructure software, and servers.<\/p>\n

It has grown organically and through acquisitions in the past few years. Its annual revenue has jumped from over $23 billion in 2020 to over $57 billion in the trailing twelve months. <\/p>\n

Most of this revenue came from its recent acquisition of VMware, a company that provides virtualization and cloud computing solutions. <\/p>\n

The most recent results showed that Broadcom has been doing well in the first quarter as demand for its AI solutions rose. Its revenue jumped by 25% in the first quarter to $14.9 billion, higher than the median estimate of $14.1 billion. <\/p>\n

The company\u2019s profitability accelerated during the quarter, with its net income rising to $5.5 billion, and adjusted earnings before interest tax, depreciatio,n and amortization (EBITDA) jumped to over $10 billion. Hock Tan, the CEO said<\/a>:<\/p>\n

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\u201cWe expect continued strength in AI semiconductor revenue of $4.4 billion in Q2, as hyperscale partners continue to invest in AI XPUs and connectivity solutions for AI data centers.”<\/p>\n<\/blockquote>\n

Growth and valuation<\/h2>\n

Analysts anticipate that Broadcom will continue growing this year as demand for AI solutions accelerates. This explains why other top AI companies like NVIDIA and CoreWeave have soared. <\/p>\n

Yahoo Finance data<\/a> show that the average revenue estimate among 33 analysts is $15.82 billion, a 21% surge from the same period last year. The most bullish analyst estimates that its revenue will cross the $16 billion level. <\/p>\n

Broadcom\u2019s revenue is expected to grow by 20% in the third quarter to $16.97 billion. Its annual revenue will be $62.7 billion, a 21.6% annual growth rate followed by $75.1 billion next year. <\/p>\n

Analysts also anticipate that its annual earnings per share will move from last year\u2019s $4.87 to $6.62 this year and $8.13 next year. <\/p>\n

This growth trajectory can explain why the company trades at a premium valuation<\/a>. It has a forward price-to-earnings ratio of 38, higher than the S&P 500\u2019s 21. Wall Street analysts have a target price of $281, higher than the current $241.<\/p>\n

Broadcom stock price technical analysis<\/h2>\n
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AVGO stock price chart | Source: TradingView<\/a><\/p>\n

The daily chart shows that the AVGO stock price bottomed at $138.36 in April to a high of $250. It has formed a V-shaped recovery or a cup-like chart pattern, a popular bullish continuation sign. It is forming the handle section of the cup-and-handle pattern. <\/p>\n

Broadcom’s share price has remained above the 50-day and 200-day Exponential Moving Averages (EMA). It has formed a bullish pennant pattern, a popular continuation sign.<\/p>\n

Therefore, the most likely scenario is where the stock jumps to $300, up by 20% above the current level. A move below the support at $235 will invalidate the bullish view.<\/p>\n

Read more: Broadcom president sells AVGO shares: should you follow suit?<\/a><\/p>\n

The post Is Broadcom stock price on the cusp of a bullish breakout?<\/a> appeared first on Invezz<\/a><\/p>\n

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Broadcom stock price has surged by over 80% from its lowest point in April as most companies in the artificial intelligence sector rebounded. AVGP was trading at $250 on Tuesday, a few points below the all-time high of $265. Its market capitalization has jumped by over $1.17 trillion.Broadcom’s business is thrivingBroadcom is one of the…<\/p>\n","protected":false},"author":1,"featured_media":1152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=1151"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/1151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/1152"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=1151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=1151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=1151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}