Broadcom Analysts Highlight Long-Term Potential: 'High-Quality AI Franchise' Could Provide Upside In 2025
Portfolio Pulse from Chris Katje
Analysts are optimistic about Broadcom Inc's (NASDAQ:AVGO) long-term potential, particularly its AI franchise, despite a recent dip in stock price. Multiple analysts have reiterated buy or overweight ratings, citing strong AI and VMWare performance. However, some noted that the recent earnings report did not meet all expectations.
September 06, 2024 | 5:54 pm
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Broadcom's long-term potential is highlighted by analysts, focusing on its AI franchise and VMWare performance. Despite a recent stock price dip, analysts maintain buy or overweight ratings.
Analysts have reiterated buy or overweight ratings for Broadcom, citing its strong AI and VMWare performance. The company's AI franchise is seen as a key growth driver, and despite a recent dip in stock price, the long-term outlook remains positive.
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