share_log

花旗：上调博通目标价至220美元 上财季业绩大致符合预期

Citigroup: Raised Broadcom's Target Price to $220, last quarter's performance roughly met expectations.

Breakings ·  Dec 16 14:05

Citi issued a Research Report indicating that Broadcom's performance last quarter was roughly in line with expectations, with revenue rising 8% quarter-on-quarter to $14.1 billion, and earnings per share slightly surpassing expectations, primarily driven by gross margin expansion. The firm noted that while the company's semiconductor-related business experienced a decline due to seasonal factors in the wireless business, management revealed that AI clients expanded from three to five, with market speculation suggesting one of them is Apple, expected to provide sustained growth momentum, driving continued quarter-on-quarter growth in AI-related business revenue. Accordingly, Citi has raised its revenue forecast for Broadcom for the fiscal year 2025 from $59 billion to $61.1 billion, and its earnings per share forecast from $4.96 to $5.2, maintaining the fiscal year 2026 revenue forecast unchanged, reiterating the 'Buy' rating, and increasing the Target Price from $205 to $220, believing that its semiconductor business will slow as expected, but the AI-related Sector will continue to grow.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment
    Related Stocks Related Stocks
    Symbol Mini Chart Latest Price
    WISeKey
    WKEY
    -- 12.000
    SEALSQ Corp
    LAES
    -- 2.450
    GCT SEMICONDUCTOR HOLDING INC C/WTS 01/03/2029(TO PUR COM)
    GCTS.WS
    -- 0.090
    Mobix Labs
    MOBX
    -- 1.380
    Peraso
    PRSO
    -- 0.9360

    Unlock the Full List

    Latest
    05:07
    Governor of the Bank of Canada, Macklem: The threat of US tariffs may have already had some impact on Canada's investment environment.
    05:00
    The NASDAQ 100 Index initially rose by 1.4%, with constituent stock Broadcom up over 10%, AppLovin up over 6%, Tesla up 5.8%, Google A up 3.5%, Intel and Amazon up over 2%, while Starbucks fell 4.3% and ARM, owned by Masayoshi Son, fell 4.6%, performing the worst. NVIDIA initially fell 1.7%, ranking fifth from the bottom among the Dow components, Honeywell rose 3.7% leading the gains, and Boeing and Amazon rose over 2%. The S&P 500 Index initially rose 0.3%, with the Consumer Sector up 1.5%, the Telecom Sector up 1.3%, the Technology Sector up 0.9%, while the Healthcare Sector fell 1.2% and the Energy Sector fell 2.2%.
    .NDX+1.41%
    04:58
    The Michigan Department of Agriculture and Rural Development: Highly pathogenic Bird Flu has been found in the poultry population in Ottawa County.