{"id":48608,"date":"2026-04-07T12:26:17","date_gmt":"2026-04-07T12:26:17","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/07\/broadcom-stock-price-bullish-flag-points-to-more-gains-after-the-anthropic-deal\/"},"modified":"2026-04-07T12:26:17","modified_gmt":"2026-04-07T12:26:17","slug":"broadcom-stock-price-bullish-flag-points-to-more-gains-after-the-anthropic-deal","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/07\/broadcom-stock-price-bullish-flag-points-to-more-gains-after-the-anthropic-deal\/","title":{"rendered":"Broadcom stock price bullish flag points to more gains after the Anthropic deal"},"content":{"rendered":"
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Broadcom stock price has crashed into a technical bear market after falling by over 24% from its highest point in December last year. <\/p>\n

AVGO dropped to 314, with its market capitalisation dropping from over $1.9 trillion to $1.5 trillion. <\/p>\n

So, will the new deal with Anthropic fuel its comeback?<\/p>\n

Broadcom inks major deal with Anthropic <\/h2>\n

Broadcom, a top player in the technology industry, has come under pressure in the past few months, mirroring the performance of other top companies in the industry like NVIDIA and AMD.<\/p>\n

AVGO stock will be in the spotlight this week after the company reached a major deal with Google and Anthropic. <\/p>\n

It will produce the new versions of Google\u2019s Tensor chips and reached a deal with Anthropic that will see it sell about 3.5 gigawatts of computing capacity.<\/p>\n

The announcement came at a time when Claude, Anthropic\u2019s chat platform has become a big success and is now the top free app on the App Store. <\/p>\n

Also, its annualized revenue jumped to over $30 billion from $9 billion at the end of last year. <\/p>\n

Analysts now believe that the company will make billions of dollars from Anthropic. <\/p>\n

In a note, Mizuho analysts predicted that the company would make $21 billion from Anthropic in 2026 and $42 billion in 2027.<\/p>\n

Broadcom has also inked more deals with other companies in the artificial intelligence industry. For example, it entered a multi-billion-dollar deal to manufacture chips for OpenAI<\/a>.<\/p>\n

Broadcom\u2019s growth momentum is continuing <\/h2>\n

The new partnership with Broadcom comes at a time when its business is doing well. <\/p>\n

Its most recent results showed that its revenue jumped by 28% in the fourth quarter to over $18 billion.<\/p>\n

The revenue rally happened as the AI revenue jumped by 74%, with the management expecting its revenue to jump to $8.2 billion.<\/p>\n

Wall Street analysts believe that Broadcom\u2019s business continued doing well in the first quarter. <\/p>\n

The average estimate<\/a> among analysts is that its revenue rose by 47% YoY in Q1 to over $22 billion. <\/p>\n

Its annual revenue will be $104 billion, up by 63% YoY, a notable thing considering that Broadcom was started in 1991.<\/p>\n

There are signs that the Broadcom stock has become relatively undervalued. <\/p>\n

For example, its forward price-to-earnings ratio has dropped to 27, down from the five-year average of 47.<\/p>\n

The company is also a bargain when using the rule-of-40 multiple, which is a common approach for valuing software companies. <\/p>\n

Its forward revenue growth metric is 63%, while its net profit margin has jumped to 36%. <\/p>\n

This growth gives it a rule-of-40 multiple of 99%.<\/p>\n

Wall Street analysts are highly bullish on the AVGO stock, with the consensus price target being $435, much higher than the current $314. <\/p>\n

For example, Morgan Stanley analysts have a target price of $470, while JPMorgan believes it can jump to $500.<\/p>\n

Broadcom stock price technical analysis <\/h2>\n
<\/figure>\n

AVGO stock chart | Source: TradingView<\/em><\/p>\n

The three-day chart shows that the AVGO stock price has dropped sharply in the past few months, moving from a high of $413 in December to the current $315.<\/p>\n

Broadcom has bottomed at the 100-day Exponential Moving Average (EMA). <\/p>\n

On the positive side, the stock has formed a large bullish flag pattern and is now in the flag section.<\/p>\n

Therefore, the stock will likely have a strong bullish breakout, potentially to the year-to-date high of $413, which is about 32% above the current level. <\/p>\n

A drop below the 200-day moving average at $292 will invalidate the bullish outlook.<\/p>\n

The post Broadcom stock price bullish flag points to more gains after the Anthropic deal<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Broadcom stock price has crashed into a technical bear market after falling by over 24% from its highest point in December last year. AVGO dropped to 314, with its market capitalisation dropping from over $1.9 trillion to $1.5 trillion. So, will the new deal with Anthropic fuel its comeback? Broadcom inks major deal with Anthropic  <\/p>\n","protected":false},"author":1,"featured_media":48609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-48608","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48608"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48609"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}