Reported 1 day ago
Broadcom is set to announce its fiscal first-quarter results soon, with analysts optimistic about the chipmaker's stock despite a recent decline. Out of 13 analysts, 12 recommend buying, projecting a price target of $259, indicating a potential 30% increase from the current price of $199.45. This comes after a challenging week for technology stocks, including a 9% drop in Broadcom's shares, which have lost about 25% of their value since their peak in December.
Source: YAHOO