HSBC bullish on AMD, Barclays raises AVGO price target to $1,500, insiders sell shares, short interest grows.
Stock AI’s forecasts:
🔴 -6.6% short-term ⬇️
🔴 -4.9% long-term ⬇️
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. This positive news may lead to increased competition and innovation, potentially benefiting Broadcom Inc. (AVGO) stock.
🔴 Barclays raises AVGO price target from $1,405.00 to $1,500.00, indicating a potential decrease in stock value. Investors may react to this news by selling off their shares, causing a short-term dip in price.
🔴 AVGO shares fell 1.5% during mid-day trading on Friday, signaling a bearish trend. This negative movement could continue in the short term, as investors may be wary of the stock’s performance.
🔴 AVGO insider Justine Page sold 110 shares at $1,323.00, which could indicate a lack of confidence in the company’s future prospects. This news may lead to a decrease in stock price as investors follow suit.
🟢 Vontobel Holding Ltd. increased its position in AVGO by 1.5% in the 4th quarter, showing confidence in the company’s long-term potential. This positive sentiment could help stabilize the stock price in the future.
🔴 Evercore ISI issues an outperform rating on AVGO with a $1,620.00 target price, suggesting a potential decrease in stock value. Investors may be cautious following this news, leading to a short-term downtrend in price.
Broadcom Inc. (AVGO) stock has recently seen a mix of positive and negative news, which has impacted its price. The bullish sentiment from HSBC and increased position from Vontobel Holding Ltd. suggest long-term growth potential for the company. However, the negative news of insider selling and target price decreases from Barclays and Evercore ISI may lead to short-term price fluctuations. Investors should closely monitor these developments to make informed decisions regarding their AVGO holdings.
AVGO-Broadcom Inc. Analyst Ratings
📉 Barclays raised their price target on Broadcom Inc. (NASDAQ:AVGO) from $1,405.00 to $1,500.00, maintaining an overweight rating on the stock.
📈 Evercore ISI initiated coverage on Broadcom with an outperform rating and a target price of $1,620.00.
📈 Summit Global Investments acquired a new position in Broadcom Inc. (NASDAQ:AVGO) during the 4th quarter.
Sources:
1. ETF Daily News
2. ETF Daily News
3. ETF Daily News
Disclaimer
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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