This Is What Whales Are Betting On Broadcom
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Broadcom (NASDAQ:AVGO), with 60% of detected trades showing bearish expectations. Whales have been targeting a price range from $550.0 to $1110.0 for Broadcom over the last 3 months. The price of AVGO is up 0.64% at $895.59. Piper Sandler and Susquehanna have maintained their Overweight and Positive ratings on Broadcom, respectively, while Rosenblatt downgraded its action to Buy.
August 30, 2023 | 7:47 pm
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Broadcom has seen a bearish sentiment from investors, with a targeted price range of $550-$1110. The stock is currently up 0.64% at $895.59. Analyst ratings are mixed.
The bearish sentiment from investors and the wide targeted price range indicate uncertainty about Broadcom's future performance. However, the stock is currently performing well, and analyst ratings are mixed, suggesting that the company still has potential for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100