Published on 28 Nov 2023 on Benzinga
BofA analyst Vivek Arya reiterated a Buy rating on Broadcom Inc AVGO and a price target of $1200.
Arya's first take estimate is around 2.3% and 7.3% proforma EPS accretion in FY24 and FY25, with an upside to 10%+ accretion and $60+ in proforma EPS power for AVGO in CY25 if it's able to realize planned synergies and deliver faster than assumed.