Overview
- Broadcom shares fell 1.9% to $319.31 on Friday with short‑term technicals weakening, trading below the 20‑ and 50‑day moving averages and showing a bearish MACD with an RSI near 38.
- The next earnings report is scheduled for March 5, with published EPS estimates diverging between $1.66 and $1.88 and a revenue estimate cited at $19.17 billion.
- Analyst sentiment remains strongly positive with an average price target around $450 as firms including Wells Fargo (Overweight, $430), RBC (Sector Perform, $370) and Mizuho (Outperform, $480) update views.
- Coverage highlights AI-driven demand from hyperscale customers for custom accelerators and high-speed networking, with checks noting tight memory supply and potential benefits from custom silicon programs.
- Despite a roughly 33% gain over 12 months, the stock trades at a premium valuation, including a cited P/E near 68x, reinforcing expectations that execution into the earnings update will be critical.