AVGO | 21 May 2024 | AI Stock Analysis & News

Broadcom Inc. (AVGO) shares fell 1.5% on Friday, potentially impacting the stock price negatively in the short term.

Stock AI’s forecasts:
🔴 -3.6% short-term ⬇️
🟢 +1.4% 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

🔴 Broadcom Inc. shares fell 1.5% during mid-day trading on Friday.
🟢 Two research analysts have rated the stock with a hold recommendation.
🔴 Hussman Strategic Advisors Inc. decreased its holdings in Broadcom Inc. by 50.0%.
🟢 Short interest in Broadcom Inc. saw a large growth in the month of April.
🔴 Boston Partners reduced its stake in shares of Broadcom Inc. by 29.4%.
🟢 OLD National Bancorp IN lifted its position in Broadcom Inc. by 15.8%.

Broadcom Inc. (AVGO) has been experiencing some fluctuations in its stock price recently due to various factors. The negative news of a decrease in shares during mid-day trading and a decrease in holdings by strategic advisors and partners has led to a slight decrease in the stock price. However, the positive news of two research analysts giving a hold recommendation and an increase in short interest in April has somewhat offset the negative impact.

The overall sentiment towards Broadcom Inc. remains relatively stable, with a moderate buy recommendation from analysts. Investors should keep an eye on any further developments in the company, as they could potentially impact the stock price in the short-term. Despite the recent fluctuations, the long-term forecast for Broadcom Inc. remains positive, with a slight increase expected. It is important for investors to conduct their own research and analysis before making any investment decisions in AVGO stock.

AVGO-Broadcom Inc. Analyst Ratings

Analyst Ratings:

📈 MarketBeat reports that Broadcom Inc. (NASDAQ:AVGO) has a consensus recommendation of “Moderate Buy” from the twenty-two brokerages covering the company.

📉 Two research analysts have rated Broadcom Inc. stock with a hold recommendation, according to MarketBeat.

📉 Summit Global Investments acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 4th quarter, as reported in a recent Form 13F filing with the SEC.

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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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