What Does Wall Street Think About Broadcom (AVGO), Ahead of its Earnings Release?

Broadcom Inc. (NASDAQ:AVGO) is one of the Stocks That Will Make You Rich In 5 Years. Broadcom Inc. (NASDAQ:AVGO) is set to release its FQ3 2025 results on September 4. Wall Street is bullish on the stock ahead of its earnings release. The company topped revenue and EPS estimates by $28.34 million and $0.01, respectively, during Q2 2025.

On August 25, Timothy Arcuri from UBS raised the firm’s price target on Broadcom Inc. (NASDAQ:AVGO) from $290 to $345, while reiterating a Buy rating on the stock. More recently, on August 26, Christopher Danely from Citi also reiterated a Buy rating on the stock, with a price target of $315.

Danely expects the company will exceed earnings estimates for its fiscal third quarter of 2025, driven by AI-related sales. He noted that the company’s AI business is expected to make up about 30% of its sales in fiscal 2025, driven by high demand from big clients like Google and Meta. Management expects fiscal third quarter 2025 revenue to be around $15.8 billion and adjusted EBITDA of at least 66 percent of projected revenue.

Broadcom Inc. (NASDAQ:AVGO) is a global technology company that makes semiconductors and software solutions. It designs chips for wireless connectivity, mobile devices, and other applications.

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Disclosure: None. This article is originally published at Insider Monkey.