AVGO: Broadcom Stock Pops on Lloyds Banking Deal Buzz
Sep 18 - Broadcom Inc. 
AVGO moved higher in early trading Thursday, helped by optimism around a new partnership with Lloyds Banking Group (LLOY) and ongoing strength in AI-related demand.
Shares of Broadcom gained nearly 2%, rebounding from a 3.8% decline during the regular session.
The move followed reports that Lloyds will expand its use of Broadcom's infrastructure software, including VMware Cloud Foundation and mainframe solutions, in a multi-year deal aimed at improving service for its 28 million U.K. customers.
Moreover, Regulatory filings also showed insider activity this week. Director Justine Page sold 800 shares at $360 each under a pre-arranged 10b5-1 plan, generating $288,000. Page still holds nearly 23,000 shares, including restricted stock units.
Broadcom's financial performance has been solid, with third-quarter revenue at $15.95 billion and AI sales up 63%. Over the past year, the stock has climbed 114%, with a 49% gain so far in 2025, though it remains down 6.9% in the past five days. The company's market value stands at $1.63 trillion.
Is AVGO Stock a Buy?
Based on the one year price targets offered by 36 analysts, the average target price for Broadcom Inc is $359.57 with a high estimate of $420.00 and a low estimate of $202.00. The average target implies a upside of +3.87% from the current price of $346.17.
Based on GuruFocus estimates, the estimated GF Value for Broadcom Inc in one year is $254.17, suggesting a downside of -26.58% from the current price of $346.17. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page.