The Latest Analyst Ratings for Broadcom
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has received mostly bullish ratings from analysts in the last quarter, with 21 out of 23 ratings being bullish or somewhat bullish. The average 12-month price target for the company has increased by 15.73% from the previous average, now standing at $861.39.
July 14, 2023 | 8:00 pm
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POSITIVE IMPACT
Broadcom has received mostly bullish ratings from analysts, indicating a positive outlook for the company's stock. The increased average price target suggests potential upside.
Analyst ratings are often used as a gauge of the market sentiment towards a particular stock. In the case of Broadcom, the majority of the ratings are bullish, indicating a positive sentiment. Furthermore, the increase in the average price target suggests that analysts believe the stock has potential for growth, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100