Broadcom (AVGO) stock was down on Friday after analysts weighed in on the semiconductor company following its most recent earnings report.
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Let’s dig into all of the latest analyst updates for AVGO stock below.
- Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and increased his price target to $450 from $435.
- Robert W. Baird analyst Tristan Gerra maintained a Buy rating and raised his price target to $420 from $300.
- UBS analyst Timothy Arcuri kept a Buy rating and a $472 price target.
- Truist Financial analyst William Stein stuck with a Buy rating and boosted his price target to $500 from $365.
- Benchmark Co. analyst Cody Acree reiterated a Buy rating and bumped his price target up to $485 from $385.
- Wells Fargo analyst Aaron Rakers maintained a Hold rating and increased his price target to $410 from $345.
- Oppenheimer analyst Rick Schafer kept a Buy rating and raised his price target to $450 from $435.
- Piper Sandler analyst Harsh Kumar stuck with a Buy rating and boosted his price target to $430 from $375.
- J.P. Morgan analyst Harlan Sur reiterated a Buy rating and bumped his price target up to $475 from $400.
- KeyBanc analyst John Vinh kept a Buy rating and increased his price target to $500 from $460.
- Bernstein analyst Stacy Rasgon stuck with a Buy rating and raised his price target to $475 from $400.
- Morgan Stanley analyst Joseph Moore reiterated a Buy rating and boosted his price target to $462 from $443.
- Bank of America Securities analyst Vivek Arya maintained a Buy rating and bumped his price target up to $500 from $460.
- Barclays analyst Thomas O’Malley kept a Buy rating and increased his price target to $500 from $450.
- Rosenblatt Securities analyst Kevin Cassidy stuck with a Buy rating and a $450 price target.
- Citi analyst Christopher Danely reiterated a Buy rating and raised his price target to $480 from $405.
- TD Cowen analyst Joshua Buchalter maintained a Buy rating and boosted his price target to $450 from $405.
- William Blair analyst Sebastien Naji kept a Buy rating with no price target.
Broadcom Stock Movement Today
Broadcom stock was down 9.12% on Friday but was still up 60.43% year-to-date. The stock has also rallied 80.77% over the past 12 months.
Is Broadcom Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Broadcom is Strong Buy, based on 25 Buy and a single Hold rating over the past three months. With that comes an average AVGO stock price target of $438.32, representing a potential 17.94% upside for the shares. These ratings and price targets may change as more analysts update their coverage after today’s earnings report.
