Broadcom's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bullish sentiment among big money investors towards Broadcom (NASDAQ:AVGO), with a notable volume of trades and a price target range from $700 to $1520. The company, a major player in the semiconductor and software industries, has seen its stock price increase by 1.23% to $1253.82. Analysts have issued positive ratings, with a consensus target price of $1540, despite some downward revisions. The next earnings report is expected in 27 days.
May 03, 2024 | 1:46 pm
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Broadcom's bullish options trading activity and positive analyst ratings suggest a strong short-term outlook, with a stock price increase and a consensus target price of $1540.
The bullish sentiment from big money investors, combined with positive analyst ratings and an upcoming earnings report, suggests potential for short-term stock price appreciation. The trading volume and recent price increase further support this outlook.
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