Broadcom Inc. ($AVGO) has seen its price target raised by Bank of America (BofA) from $2,000 to $2,150, reflecting the company's transformation from a value stock to a growth stock. This shift is driven by growing contributions from AI and VMWare. BofA has reiterated its 'Buy' rating for Broadcom, citing its best-in-class attributes. The stock recently experienced a split, and market participants are monitoring potential gaps. Broadcom is approaching an OrderFlow demand zone, and some analysts believe it could reach $2,200, indicating strong bullish sentiment.
$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 is approaching OrderFlow demand zone . I will share tonight some levels where this bulls may find some relief. I think it’s a 2200 dollar stock. Not a 1500 one. $nvda $amd
$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
$AVGO Split this week, watch that gap... https://t.co/zAtF2EClUu
$AVGO : Selling Broadcom at $1845 feels like top-ticking it. 👇 As described in the past - it's an absolute money machine. Will look for re-entry opportunities. #AI #GenerativeAI #stocks #semiconductors https://t.co/Sz1i4eOyBN https://t.co/m7QDzzida3