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Stock impact report

HSBC Raises Price Target on Broadcom (AVGO) to $400 From $240, Upgrades it to Buy [Yahoo! Finance]

Broadcom Inc. (AVGO) 
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Company Research Source: Yahoo! Finance
its price target for Broadcom Inc. (NASDAQ:AVGO), nearly doubling it from $240 to $400. Analyst Frank Lee upgraded the stock to Buy, expressing bullish sentiments for the company's AI chip revenues and stating that they are likely to “significantly beat market expectations.” The notable price target hike implies significant potential for Broadcom Inc. (NASDAQ:AVGO) ahead. A technician working at a magnified microscope, developing a new integrated circuit. HSBC was previously less bullish on the stock because of its concerns about Apple's share loss in the wireless segment and wanted better visibility into the Application-Specific Integrated Circuit customer pipeline. The analyst told investors in a research note that it turned bullish on Broadcom Inc. (NASDAQ:AVGO) because it expects its ASIC revenues to considerably exceed market expectations, supported by pricing power and better ASIC project visibility. Broadcom Inc. (NASDAQ:AVGO) is a leading multinational technology compa Show less Read more
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