Based on projected dividend policies, AVGO stock forecast 2030 indicates potential annual payouts above $40 per share, consistent with Broadcom’s history of aggressive capital returns to shareholders. Broadcom reported solid financial results in the second quarter, beating estimates on the top and bottom lines. Revenue surged 43% to $12.5 billion on particularly strong demand for AI chips and virtualization software. Meanwhile, GAAP net income declined 46% to $4.42 per diluted share, but that was due to costs associated with its 2023 acquisition of VMware. Non-GAAP operating income increased 32% during the second quarter. Analysts expect Broadcom's adjusted earnings per share to grow at an annualized rate of 32% through fiscal 2029 (which ends in October). Given those high expectations, the stock is trading at 51 times this year's earnings estimate -- the highest multiple it has traded at over the last three years. Assuming the stock is trading at 40 times forward earnings in 2029, the share price would be $792 based on the consensus estimate. Investors can still double their money from Broadcom 's current share price. AVGO stock forecast 2030 models suggest the company could outperform sector averages if long-term AI infrastructure spending remains on an exponential growth trajectory.
