Why Broadcom Soared (Again) Today
Shares of silicon and software giant (NASDAQ: AVGO) surged as much as 10% on Monday, before settling into a 9.5% gain as of 1:15 p.m. ET.
Monday's rally came after a near-25% surge on Friday, the day after the company reported earnings that contained blowout long-term guidance for the company's artificial intelligence (AI) chip business.
It appears as though Broadcom is now seeing a follow-through rally Monday, helped along by a positive Wall Street analyst note.
Source Fool.com
Broadcom Ltd. Stock
€306.70
-11.700%
The stock is one of the favorites of our community with 94 Buy predictions and 2 Sell predictions.
As a result the target price of 342 € shows a slightly positive potential of 11.51% compared to the current price of 306.7 € for Broadcom Ltd..
