Broadcom Inc. (AVGO) stock down 0.6% on Thursday, with a moderate buy rating from analysts.
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. (NASDAQ:AVGO) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the company, MarketBeat reports. This positive sentiment from analysts could potentially drive up the stock price.
🟢 TBH Global Asset Management LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 29.2% during the 4th quarter. This increase in investment could signal confidence in the company’s future performance, leading to a potential price increase.
🔴 Broadcom Inc. (NASDAQ:AVGO) saw a large growth in short interest in the month of April. The increase in short interest could put downward pressure on the stock price as investors bet against its performance.
🟢 Summit Global Investments acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 4th quarter. This new investment could signal positive growth expectations and lead to a potential price increase.
🔴 Boston Partners reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 29.4% in the 4th quarter. This decrease in investment may lead to a lack of confidence in the company’s future, potentially causing a drop in the stock price.
🟢 Broadcom Inc. (NASDAQ:AVGO) was up 1.7% on Friday. This increase in stock price could be a result of positive market sentiment or company news, driving up the value of the stock.
Overall, the recent news surrounding Broadcom Inc. stock has been a mix of positive and negative developments. While analyst recommendations and new investments suggest potential growth and price increases, the increase in short interest and reduction in stake by Boston Partners could put downward pressure on the stock price. Investors should closely monitor these developments to make informed decisions about their investments in AVGO stock.
AVGO-Broadcom Inc. Analyst Ratings
Analyst ratings for Broadcom Inc. stock have been mixed recently, with some upgrades and downgrades affecting the consensus recommendation.
📉 Barclays analysts downgraded their rating on Broadcom Inc. (NASDAQ:AVGO) stock from Overweight to Equal Weight and lowered the target price from $1500 to $1400.
📈 Morgan Stanley analysts upgraded their rating on Broadcom Inc. (NASDAQ:AVGO) stock from Equal Weight to Overweight and increased the target price from $1350 to $1500.
📈 Deutsche Bank analysts upgraded their rating on Broadcom Inc. (NASDAQ:AVGO) stock from Hold to Buy and raised the target price from $1400 to $1600.
Sources:
1. ETF Daily News – Broadcom Inc. Receives $1285.41 Consensus Target Price from Analysts
2. ETF Daily News – Broadcom Inc. Shares Down 0.6%
3. ETF Daily News – Broadcom Inc. Short Interest Update
4. ETF Daily News – TBH Global Asset Management LLC Raises Holdings in Broadcom Inc.
5. ETF Daily News – Summit Global Investments Purchases New Shares in Broadcom Inc.
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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