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 61% of recent trades being bearish and 38% bullish. The trades have targeted a price range of $840.0 to $1000.0 for Broadcom over the last 3 months. The current price of AVGO is down -2.35% at $881.38. Truist Securities and Susquehanna have downgraded their actions to Buy and Positive respectively, with price targets of $995 and $1010.
October 17, 2023 | 1:46 pm
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Broadcom (NASDAQ:AVGO) has seen a bearish stance from a significant investor, with a majority of recent trades being bearish. The company's stock price is currently down, and it has been given price targets of $995 and $1010 by Truist Securities and Susquehanna respectively.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, indicates a potential downward trend for Broadcom's stock. Additionally, the company's stock price is currently down. However, the price targets set by Truist Securities and Susquehanna suggest a potential for growth in the future.
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