News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research> UBS Raises Broadcom Inc. (AVGO.US) TP to USD490, Sees Earnings Likely to Beat in Coming Quarters
UBS said in a report that after Broadcom Inc. (AVGO.US) shifted orders from Anthropic from full-rack systems to a more standardized application-specific integrated circuit (ASIC) a...
Reset
Send
The window will close in 5 seconds
<Research> UBS Raises Broadcom Inc. (AVGO.US) TP to USD490, Sees Earnings Likely to Beat in Coming Quarters
Close
Recommend
5
Positive
4
Negative
5
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

UBS said in a report that after Broadcom Inc. (AVGO.US)      shifted orders from Anthropic from full-rack systems to a more standardized application-specific integrated circuit (ASIC) arrangement (currently about 25% of the originally expected revenue but with significantly higher margins), the bank is revising its forecasts and raising its TP. The net impact is a reduction in Anthropic's contribution for calendar years 2026 and 2027 from about USD21 billion and USD23 billion to about USD8 billion and USD22 billion, respectively, with the downgrade mainly concentrated in the earlier ramp-up phase.

Overall, UBS slightly lowered its forecast for Broadcom's artificial intelligence revenue in fiscal 2027 from about USD145 billion to about USD133 billion, and trimmed its fiscal 2027 EPS forecast marginally to USD21.14. Looking ahead, the bank believes Broadcom's results in the coming quarters are well positioned to exceed market expectations, with potential revenue guidance far above the market consensus of about USD22 billion. UBS forecasts AI-related revenue of USD13.6 billion for its third fiscal quarter. Despite lowering its forecasts, the bank noted that the broad rally in the semiconductor sector in recent months has lifted peer valuations. Based on peer valuation, UBS raised its TP for Broadcom from USD475 to USD490 and maintained a Buy rating. (da/u)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsEIA Crude Oil Stocks Change for May/15 in the United States is -7.864M, lower than the previous value of -4.306M. The forecast was -2.9M.

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.