Wall Street Bullish on Broadcom Inc (AVGO), After Q3 2025
Broadcom Inc. (NASDAQ:AVGO) is one of the Best Technology Stocks to Invest in for the Long Term. On September 4, Broadcom Inc. (NASDAQ:AVGO) released results for its fiscal third quarter of 2025. The company topped revenue and EPS estimates, leading to bullish sentiments from Wall Street.
Broadcom Inc. (NASDAQ:AVGO) delivered $15.95 billion in revenue, up 22.03% year-over-year and ahead of consensus by $129.31 million. Moreover, the EPS of $1.69 also topped estimates by $0.03. Management noted that they achieved this record revenue on the back of its custom AI accelerators, networking products, and VMware business. In addition, the AI-related revenue grew 63% year-over-year to $5.2 billion in Q3, and the company expects this AI semiconductor revenue to reach $6.2 billion in Q4, marking eleven straight quarters of growth fueled by ongoing customer investment.
Several analysts have expressed their bullish sentiment on the stock. On September 12, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Broadcom Inc. (NASDAQ:AVGO) while raising the price target from $335 to $410. More recently, on September 16, Stacy Rasgon from Bernstein also reiterated a Buy rating on the stock with a price target of $400.
Broadcom Inc. (NASDAQ:AVGO) designs and supplies semiconductors and enterprise software solutions globally.
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Disclosure: None. This article is originally published at Insider Monkey.