Broadcom Shares Soar 3.54% on Bullish Outlook

On May 29, 2025, Broadcom's stock surged by 3.54% in pre-market trading, reflecting strong investor confidence and positive market sentiment.

Analysts have been bullish on Broadcom, with Mizuho Securities raising their price target from $250 to $300 and maintaining an "outperform" rating. This adjustment underscores the firm's optimism about Broadcom's future performance.

Broadcom is expected to report significant growth in its upcoming earnings report on June 5. Analysts forecast a 20% increase in revenue to $15 billion and a 43% rise in earnings to $1.57 per share, highlighting the company's robust financial health and growth prospects.

Broadcom's strong position in the ASIC market and its leadership in AI technologies have been noted by analysts, who see the company as an underappreciated leader with substantial growth potential. This positive outlook is further supported by the expanding portfolio and solid VMware business, which have contributed to a 37.2% surge in AVGO shares over the past month.