Check Out What Whales Are Doing With AVGO
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Broadcom (NASDAQ:AVGO), with 58% of detected trades being bearish. The targeted price range for Broadcom over the last 3 months is from $570.0 to $1220.0. The current price of AVGO is down -1.63% at $820.3. Analysts from Oppenheimer, Baird, and Truist Securities maintain an Outperform or Buy rating on Broadcom, with price targets ranging from $990 to $1000. Benchmark downgraded its action to Buy with a price target of $950, while Wells Fargo maintains an Equal-Weight rating with a price target of $900.
September 26, 2023 | 3:31 pm
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NEGATIVE IMPACT
Broadcom (NASDAQ:AVGO) has seen a bearish sentiment from investors, with a targeted price range of $570.0 to $1220.0. Analysts maintain positive ratings, with price targets up to $1000. The current price is down -1.63% at $820.3.
The bearish sentiment from investors, coupled with the current price drop, indicates a potential short-term negative impact on Broadcom's stock. However, the positive ratings and high price targets from analysts suggest a potential recovery in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100