Why Broadcom Stock Ticked Higher on Monday
(NASDAQ: AVGO) stock was a winner on a fairly forgettable Monday for the market. During a session when the benchmark S 500 index could only eke out a less than 0.1% gain, Broadcom added nearly 1% to its share price. The company largely has a new research report to thank for that.
Before market open, Mizuho Securities published an update on a select group of stocks involved in the market for artificial intelligence (AI) server products. It timed this to coincide with the upcoming quarterly earnings report scheduled to be published by Broadcom, a notable player in that segment.
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Source Fool.com
Broadcom Ltd. Stock
€340.00
-6.190%
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 18.82% compared to the current price of 340.0 € for Broadcom Ltd..
