What 17 Analyst Ratings Have To Say About Broadcom
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) has received 17 analyst ratings in the last quarter, with 6 bullish, 10 somewhat bullish, and 1 indifferent. There were no somewhat bearish or bearish ratings. The average price target is $990.29, representing an upside from the current price of $975. This average has increased by 9.7% from the previous target of $902.70. Analyst ratings are based on information from company events, financial statements, and insider conversations, and they provide guidance but are subjective opinions.
November 24, 2023 | 12:00 pm
News sentiment analysis
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POSITIVE IMPACT
Broadcom has a strong analyst backing with 16 out of 17 ratings being positive and an average price target that suggests a potential upside from the current stock price.
The overwhelmingly positive analyst ratings for Broadcom, with a higher average price target than the current stock price, suggest that the stock may experience upward pressure in the short term. Analyst opinions can influence market sentiment, especially when they are consistently positive as seen here. The recent increase in the average price target further reinforces the positive outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100