Advertisement
Singapore markets close in 41 minutes

  • Straits Times Index

    3,194.65
    +39.96 (+1.27%)
     

  • Nikkei

    38,079.70
    +117.90 (+0.31%)
     

  • Hang Seng

    16,410.47
    +158.63 (+0.98%)
     

  • FTSE 100

    7,895.99
    +48.00 (+0.61%)
     

  • Bitcoin USD

    61,034.64
    -2,414.58 (-3.81%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     

  • Dow

    37,753.31
    -45.66 (-0.12%)
     

  • Nasdaq

    15,683.37
    -181.88 (-1.15%)
     

  • Gold

    2,394.70
    +6.30 (+0.26%)
     

  • Crude Oil

    82.08
    -0.61 (-0.74%)
     

  • 10-Yr Bond

    4.5850
    0.0000 (0.00%)
     

  • FTSE Bursa Malaysia

    1,545.89
    +5.47 (+0.36%)
     

  • Jakarta Composite Index

    7,172.32
    +41.48 (+0.58%)
     

  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

Why Broadcom Inc. (AVGO) is a Top Growth Stock for the Long-Term

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

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.

ADVERTISEMENT

Broadcom Inc. (AVGO)

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 #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 32.3% year-over-year for the current fiscal year, with sales growth of 20.1%.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.10 to $37.06 per share. AVGO also boasts an average earnings surprise of 2.2%.

On a historic basis, Broadcom Inc. has generated cash flow growth of 19.5%, and is expected to report cash flow expansion of 12.8% this year.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AVGO should be on investors' short lists.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Broadcom Inc. (AVGO) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.