Quick Read

• AVGO trades 34% below its 52-week high even as management guides fiscal Q4 revenue to $34.8 billion, up 93% year over year.

• NVDA trades at ~41x earnings on 106% revenue growth, making Broadcom’s matching ~42x P/E look cheap against its 85% growth.

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Broadcom (NASDAQ:AVGO) closed at $326.08. The 24/7 Wall St. price target for Broadcom is $405.37 over the next 12 months. That implies 24.32% upside, and our model carries a buy rating with high confidence.…