Without these companies, practically nothing works in digital communication. Broadcom specializes in the development of integrated circuits for network applications. The California-based company produces highly integrated chips that support a wide range of communication applications, including satellite communication as well as the transmission of audio, video, and data.

Broadcom: Light Revenue and Profit Growth For the 4th quarter, the company reported a revenue of $9.29 billion compared to $8.93 billion a year ago. Net income was $3.52 billion compared to $3.36 billion the year before. Earnings per share increased slightly by about 6% to $8.53 US$.

Profit forecast for 2024 below analyst expectations Broadcom Inc. issued a profit forecast for the fiscal year ending November 3, 2024. For the year, the company expects revenue of approximately $50.0 billion. The analysts surveyed by Capital IQ estimate $51.07 billion.

+400% in 3 years Broadcom’s quarterly figures don’t look so great at first glance. But Broadcom also has a strong track record. That’s also shown in the chart. Since the beginning of January, the tech stock has doubled. In the last 3 years, the share price has even increased by 400%. How much potential do analysts still see in the stock?

Tech Stock: Not Much Air Left Up Conclusion: Analysts are optimistic but still see growth potential. 23 out of 0 analysts recommend buying and 7 want to hold. The average analyst target price of $1,100 has now been surpassed. The highest analyst target price is $1,265 – offering you as an investor only 11% potential.