This Is What Whales Are Betting On Broadcom
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 70% of the trades being bearish and 29% bullish. The whales have been targeting a price range from $470.0 to $920.0 for Broadcom over the last 3 months. The current price of AVGO is down -0.76% at $843.5. Keybanc, Rosenblatt, and BMO Capital have maintained their positive ratings on Broadcom with a price target of $1000, while Rosenblatt also has a Buy rating with a price target of $900.
September 19, 2023 | 2:46 pm
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NEGATIVE IMPACT
Broadcom has seen a bearish stance from a significant investor, with a price target range of $470 to $920. The current price is down -0.76% at $843.5. Positive ratings have been maintained by Keybanc, Rosenblatt, and BMO Capital.
The bearish stance from a significant investor, along with the current price drop, could negatively impact Broadcom's stock price in the short term. However, the positive ratings from Keybanc, Rosenblatt, and BMO Capital could provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100