This Is What Whales Are Betting On Broadcom
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 57% of detected trades having bearish expectations. Whales have been targeting a price range of $300 to $1000 for Broadcom over the last 3 months. Analysts from various banks maintain ratings ranging from Equal-Weight to Outperform, with price targets between $785 and $890.
June 20, 2023 | 6:16 pm
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Whale investor takes a bearish stance on Broadcom, with 57% of detected trades having bearish expectations. Analysts maintain various ratings and price targets between $785 and $890.
The bearish stance taken by the whale investor, who has a significant amount of money to spend, indicates a potential negative impact on Broadcom's stock price in the short term. Additionally, the mixed analyst ratings and price targets suggest uncertainty in the market, which could contribute to the stock's downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100