Why Broadcom Stock Was Sliding Today
Shares of Broadcom (NASDAQ: AVGO) were moving lower Friday after the diversified semiconductor company posted solid results in its fiscal 2024 first-quarter earnings report after the market closed Thursday, but failed to raise its guidance.
High expectations were also baked into the stock. The company is viewed as a beneficiary of the AI boom, and as its shares have risen in recent months in consequence.
As of 11:59 a.m. ET, the stock was down by about 6%.
Source Fool.com
Broadcom Ltd. Stock
€1,213.0
-1.780%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
As a result the target price of 1377 € shows a slightly positive potential of 13.52% compared to the current price of 1213.0 € for Broadcom Ltd..
