HSBC turns bullish on AMD shares, saying there won’t just be one winner in the market for AI GPUs. Broadcom Inc faces long-term profitability challenges while remaining relevant.
🔴 Short-term Forecast: (-0.6%)
🟢 Long-term Forecast: (+1.2%)
Stock AI’s (AVGO) Forecast get (+27.9% Profit)
StockAI’s analysis delivers real-world results. On 17 January 2024, $AVGO ($1096.02), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $1402.3 (🟢27.9%). Buying AVGO on this signal yielded a +27.9% 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.
🟢 **JPMorgan Chase & Co.** reaffirmed its “overweight” rating on Broadcom, with a price target of $1,700.00.
🟢 **Deutsche Bank Aktiengesellschaft** reiterated their “buy” rating on Broadcom, with a price target of $1,500.00.
🔴 **Rosenblatt Securities** reaffirmed their buy rating on Broadcom, with a target price of $1,500.00.
🟢 **Barclays** raised Broadcom’s price target from $1,405.00 to $1,500.00, maintaining an overweight rating.
🔴 **Redhawk Wealth Advisors Inc.** lowered its stake in Broadcom by 9.5% in the fourth quarter.
Broadcom Inc. (AVGO) has recently received positive ratings and price target updates from several brokerages, indicating confidence in the company’s future performance. The bullish sentiment from HSBC and JPMorgan Chase & Co. suggests a positive outlook for the stock. However, the decrease in stake by Redhawk Wealth Advisors Inc. may have a slight negative impact on short-term performance. Overall, the positive news and ratings are likely to contribute to a potential increase in Broadcom’s stock price in the long term. Investors should monitor these developments closely to make informed decisions regarding AVGO stock.
AVGO-Broadcom Inc. Analyst Ratings
Here are some recent analyst ratings for Broadcom Inc. (NASDAQ:AVGO):
📈 Deutsche Bank Aktiengesellschaft reiterated their buy rating on Broadcom (NASDAQ:AVGO) stock with a target price of $1,500.00.
📈 Rosenblatt Securities also reiterated their buy rating on Broadcom (NASDAQ:AVGO) stock, with a target price of $1,500.00.
📉 Barclays started coverage on Broadcom (NASDAQ:AVGO) with an overweight rating and a $1,405.00 price target.
Sources:
1. Deutsche Bank Aktiengesellschaft Rating
2. Rosenblatt Securities Rating
3. Barclays Rating
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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