Why Broadcom Stock Rallied on Monday
Shares of (NASDAQ: AVGO) surged higher today to kick off the week, jumping as much as 4.9%. As of 11:51 a.m. ET on Monday, the stock was still up 3.67%.
The catalyst that sent the artificial intelligence (AI) specialist higher was growing bullishness on Wall Street ahead of its high-profile stock split.
Last week, Broadcom released robust financial results and announced a stock split that caught Wall Street off guard. The strength of the company's results had analysts scrambling to update their price targets, further fueling the stock's rise. That trend continued this week as more analysts joined the party.
Source Fool.com
Broadcom Ltd. Stock
€362.15
0.460%
The stock is an absolute favorite of our community with 82 Buy predictions and no Sell predictions.
As a result the target price of 404 € shows a slightly positive potential of 11.56% compared to the current price of 362.15 € for Broadcom Ltd..
