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Why Broadcom Stock Is Bouncing Higher Today


Recovering from the 4.6% drop from the close of trading on Monday to the end of yesterday's market session, (NASDAQ: AVGO) stock is rocketing higher today. Investors are bidding the semiconductor specialist higher after learning of a firm's bullish perspective on Broadcom stock.

As of 11:07 a.m ET, shares of Broacdom are up 4.8%.

Image source: Getty Images.

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Source Fool.com

Broadcom Ltd. Stock

€340.20
1.130%
There is an upward development for Broadcom Ltd. compared to yesterday, with an increase of €3.80 (1.130%).
With 82 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 396 € there is a slightly positive potential of 16.4% for Broadcom Ltd. compared to the current price of 340.2 €.
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