Reported 1 day ago
Broadcom (AVGO) shares may rise further following impressive fiscal Q3 earnings and a promising outlook, according to JPMorgan analyst Harlan Sur. He maintained an 'Overweight' rating on the stock and increased the price target to $400, suggesting nearly a 20% upside. With a 140% increase year-to-date and strong AI-driven revenue projections, Broadcom appears well-positioned for growth, bolstered by significant cash flow and a robust backlog.
Source: YAHOO