Here's Why Broadcom Inc. (AVGO) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Broadcom is a premier designer, developer and global supplier of a broad range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices and analog III-V based products.
AVGO is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 36.1% year-over-year for the current fiscal year, with sales growth of 21.2%.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.01 to $6.63 per share. AVGO boasts an average earnings surprise of 3.4%.
Broadcom Inc. is also cash rich. The company has generated cash flow growth of 15.8%, and is expected to report cash flow expansion of 36.1% in 2025.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AVGO should be on investors' short lists.
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