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Stock impact report

Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500 [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
However, analyst sentiment is moving in very different directions for these two stocks. See just how much upside analysts are forecasting in AVGO shares. Interested in Broadcom Inc.? Here are five stocks we like better. Since reporting earnings on Dec. 11, investors have hit shares of semiconductor giant Broadcom (NASDAQ: AVGO) with a tidal wave of selling. On Dec. 17, Broadcom shares closed near $326. This marks an approximately 20% decline versus the stock's pre-earnings level near $406. Despite this, sell-side Wall Street analysts are doubling down. By and large, these forecasters significantly raised their Broadcom price targets after the company's earnings release. Analyst reactions to Broadcom's results reveal a mix of optimism and caution, especially when contrasted with another major AI company that recently reported earnings. All price target references reflect data tracked by MarketBeat. ? Forget the Chips: 4 Industrial Plays for the AI Rebound The MarketBeat con Show less Read more
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