Bank of America has raised Broadcom Inc's price target from $2,000 to $2,150, reiterating it as a top pick due to its transformation from a value to a growth stock driven by AI and VMWare contributions. The company's sales growth is expected to double because of AI.
$AVGO approaching its 21-day. First visit since its earnings and split announcement. @marketsurge @IBDinvestors #IBDPartner https://t.co/eqAHFpIuRN https://t.co/RcUBqRpHLM
$AVGO - next target, also top of 2 hr cloud Per plan added to July 1800s https://t.co/1rep0UhiB8
$AVGO -4% This am Bank of America said Broadcom’s sales growth to double because of AI, raises price target by $150 to $2,150
Bank of America says Broadcom's sales growth to double because of AI, raises price target even higher https://t.co/Vj6hsOWHAM
'From value to growth stock:' BofA hikes Broadcom price target https://t.co/3eWKjge2Qm https://t.co/4qKBwQSHl5
$AVGO - light entry into Jul 1800s, other side of split - 1640. Will double up if we see 1575’ish Sell a kid at 1520 They GOTTA buy it into Q / Half end
$AVGO PT Raised to $2,150 at BofA Securities, reiterates as "Top Pick"
$AVGO Bank of America reiterates Broadcom as buy Bank of America said the company has best-in-class attributes. “Reiterate Buy on top pick, raise PO to $2,150 from $2,000 on AVGO’ s transformation to a growth from a value stock, driven by growing AI and VMWare contributions.”
$AVGO pt raised to 2150 from 2000 at BofA
BofA $AVGO Broadcom Inc Tale of transformation... from value to growth; raise PO to $2,150 https://t.co/4TOlZxWx8i