AVGO | 13 May 2024 | AI Stock Analysis & News

HSBC bullish on AMD, Barclays raises AVGO price target, insiders sell shares, short interest grows.

🔴 -6.6% short-term forecast
🔴 -4.8% long-term forecast

Stock AI’s (AVGO) Forecast get (+15.7% Profit)

StockAI’s analysis delivers real-world results. On 21 February 2024, $AVGO ($1205.32), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $1394.9 (🟢15.7%). Buying AVGO on this signal yielded a +15.7% profit 💰💰.

AVGO-Broadcom Inc. News

🟢 HSBC turns bullish on AMD shares, saying there won’t just be one winner in the market for AI GPUs. 🟥 Price target raised by Barclays from $1,405.00 to $1,500.00. 🟢 Director and CFO sell shares, insider selling activity. 🟥 Short interest increases in April. 🟢 Evercore ISI issues outperform rating with $1,620.00 target price. 🟢 Summit Global Investments acquires new position in AVGO.

Broadcom Inc. (AVGO) has recently seen a mix of positive and negative news that has impacted its stock price. The bullish sentiment from HSBC on AMD shares and the increased price target from Barclays have likely contributed to a positive outlook for the semiconductor company. However, the insider selling activity by the Director and CFO, as well as the increase in short interest in April, may have caused some concerns among investors.

On the other hand, the outperform rating and higher target price from Evercore ISI have added to the positive sentiment surrounding AVGO stock. Additionally, Summit Global Investments acquiring a new position in the company indicates growing interest from institutional investors.

Overall, the recent news for Broadcom Inc. has been a mix of positive and negative developments, which may lead to some volatility in the stock price in the short term. Investors should closely monitor any further updates and announcements from the company to make informed decisions about their investments in AVGO.

AVGO-Broadcom Inc. Analyst Ratings

Here is a list of recent analyst ratings for Broadcom Inc. stock:

📈 Barclays raised their price target on AVGO from $1,405.00 to $1,500.00 with an overweight rating.
📉 Evercore ISI initiated coverage on AVGO with an outperform rating and a target price of $1,620.00.
📉 Marketbeat Ratings reports an average rating of “Moderate Buy” for AVGO stock.

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Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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