Check Out What Whales Are Doing With AVGO
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Broadcom (NASDAQ:AVGO), with 56% of investors opening trades with bullish expectations and 43% with bearish. The investors are aiming for a price territory stretching from $470.0 to $1000.0 for Broadcom over the recent three months. The current price of AVGO is $880.55, down -0.03%. Next earnings are expected to be released in 30 days.
November 07, 2023 | 3:45 pm
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Broadcom (NASDAQ:AVGO) has seen significant bullish trading activity. Investors are aiming for a price territory of $470-$1000 over the next three months. The current price is $880.55, down -0.03%. Earnings are expected in 30 days.
The bullish stance taken by a significant investor and the majority of trades being bullish indicates a positive sentiment towards Broadcom. This, combined with the projected price targets, suggests a potential increase in Broadcom's stock price in the short term. However, the slight decrease in the current price and the upcoming earnings release may introduce some volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100