TTruist BBroadcom · AVGO
Truist Lowers Broadcom Price Target to $520
Rating
Buy
Price target
$520
Previous
$550
Implied upside
+42%
Truist Securities analyst William Stein lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $520 (from $550) while maintaining a Buy rating.
“Look through the noise. AVGO delivered a good, but neither stellar nor completely ‘clean’ CQ2 result / CQ3 outlook.
AVGO missed on Software (modestly, again) and offered an AI revenue outlook that ticked up, but was slightly below consensus.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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