Broadcom’s 5.8% Jump: Growth Still Supports Buying

I don’t know the cause of today’s +5.8% move, and it does not change my fundamental view. The jump looks supported by the growth data rather than obviously excessive: Q3 revenue rose +85.5% year over year, EPS +215.3%, and free cash flow +94.5%. Consensus still expects EPS to grow +66.9% in FY 2027, with an estimated forward P/E of 18.8x—far below the 44.1x trailing multiple. Analysts’ median target of $535.00 implies +46.5% upside, though targets are not guarantees. The shares remain 24.2% below their 52-week high, and the 12-month gain is only +3.8%. I’ll add modestly from cash; the one-day move alone is not a reason to chase aggressively.