Broadcom Shares Are On The Move: What You Need To Know
Portfolio Pulse from Vaishali Prayag
Broadcom Inc. (NASDAQ:AVGO) shares are trading lower amid a broader market sell-off driven by global economic concerns. The company is set to announce its Q3 FY2024 financial results on Sept. 5, 2024, with an estimated EPS of $1.20 and revenue of $12.955 billion. Despite mixed sentiment in the options market, analysts have issued positive ratings with a consensus target price of $1002.
August 05, 2024 | 8:14 pm
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Broadcom shares are down 1.21% amid a broader market sell-off. The company will announce its Q3 FY2024 results on Sept. 5, 2024, with an estimated EPS of $1.20 and revenue of $12.955 billion. Despite mixed sentiment in the options market, analysts have issued positive ratings with a consensus target price of $1002.
Broadcom's share price is currently affected by broader market sell-off due to global economic concerns. The upcoming Q3 FY2024 financial results and mixed sentiment in the options market add to the uncertainty. However, positive analyst ratings with a high target price provide a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100