Broadcom Reports Earnings This Week. Mike Khouw Says This Trade Could Be a Winner
Investors are watching for another beat-and-raise report as Broadcom’s AI chip sales jumped 143% last quarter and Q3 revenue is guided to $29.4 billion.
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Broadcom (AVGO) Stock Gains Analyst Confidence Before Q3 Earnings Release
Broadcom (AVGO) stock approaches Q3 earnings with Strong Buy ratings. Wall Street projects 90% EPS growth and 38% upside on AI chip momentum. The post Broadcom (AVGO) Stock Gains Analyst Confidence Before Q3 Earnings Release appeared first on Blockonomi.
Broadcom stock dubbed a 'top pick' ahead of Q3 earnings
BakerAvenue’s chief strategist King Lip views Broadcom Inc (AVGO) as a “top pick” heading into the chipmaker’s Q3 earnings scheduled to be released on September 2nd after market close. Consensus is for AVGO to record $29.43 billion in revenue on $3.24 a share of earnings (EPS) – representing an 84.5% and 91.7% year-on-year growth on the top- and bottom-line. Heading into the quarterly print, Broadcom stock is down over 25% versus its year-to-dat…
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