Broadcom Bears Roar As Q3 Earnings Loom: Can Bulls Turn The Tide For This AI Stock?
Portfolio Pulse from Surbhi Jain
Broadcom Inc (NASDAQ:AVGO) is expected to report Q3 earnings with an EPS of $1.20 and revenues of $12.96 billion. The stock has shown a bearish trend recently, trading below key moving averages, but remains above the 200-day SMA, indicating potential long-term bullishness. Analysts maintain a AAA rating with a price target of $14.52.
September 04, 2024 | 4:44 pm
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Broadcom is expected to report Q3 earnings with an EPS of $1.20 and revenues of $12.96 billion. The stock is currently showing a bearish trend, trading below key moving averages, but remains above the 200-day SMA, indicating potential long-term bullishness. Analysts maintain a AAA rating with a price target of $14.52.
The article discusses Broadcom's upcoming Q3 earnings and current stock performance. The bearish trend is highlighted by the stock trading below key moving averages, but the long-term outlook remains positive as it is above the 200-day SMA. Analysts' AAA rating and price target suggest confidence in the stock's potential recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100