Broadcom (AVGO) will report fourth-quarter earnings after the market closes on Thursday, with analysts overwhelmingly bullish on the chipmaker's prospects. 

All 12 analysts who follow Broadcom tracked by Visible Alpha have a “buy” or equivalent rating for the stock, with a consensus 澳洲幸运5官方开奖结果体彩网:price target of roughly $195. That’s nearly 10% above Thursda📖y's intraday price close to $178. 

Revenue Seen 51% Higher by Analysts

Wall Street expects Broadcom to report revenue of $14.0🎶6 billion, up 51% year-over-year, and net income of $3.52 billion or 76 cents per shareꩵ, compared with $3.52 billion or 83 cents per share a year earlier. 

Last quarter, Broadcom posted a 澳洲幸运5官方开奖结果体彩网:loss of $1.88 billion due in part to increased expenses related to its November 2023 acquisition of 澳洲幸运5官方开奖结果体彩网:software company VMware. 

Shares of Broadcom were down 3% Thursday morning, but are up 60% in 2024.

UPDATE—Dec. 12, 2024: This article has been updated to reflect more recent analyst estimates and share price information.