Reported about 13 hours ago
Following Broadcom's recent earnings report and announcement of a $5 billion bond sale, analysts have revised their price targets for the semiconductor company. Cantor Fitzgerald increased its target from $200 to $225, citing Broadcom's strong positioning in AI, while Truist raised theirs slightly from $204 to $205. Despite a robust year with a nearly 60% stock increase, Broadcom's stock dipped due to a cautious revenue forecast for the upcoming quarter.
Source: YAHOO