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.
Sources:
1. ETF Daily News
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. 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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