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Intermede Investment Partners Ltd, managed by Barry Dargan, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 11,012 shares.
Recent Updates on Broadcom Inc. stock
Broadcom (AVGO) has seen short-term volatility, with weekly moves ranging from +3% to -9% and a roughly 8–9% monthly pullback, but the stock still boasts about 55–60% gains over the past year. Despite the dip, Wall Street maintains a Strong Buy rating and 12‑month targets around $460, well above recent prices near $320–$331, implying sizable upside.
Analysts see Broadcom as a prime AI and data‑center beneficiary, led by its custom AI ASICs and deep partnership on Google’s TPUs, where shipments could reach 6–7 million units annually by 2027–2028. Top‑ranked analysts Chris Caso and Harlan Sur recently reaffirmed or upgraded to bullish calls with $400–$475 targets, underpinned by aggressive AI revenue and EPS growth forecasts into 2026–2027.
Spark’s Take on AVGO Stock
According to Spark, TipRanks’ AI Analyst, AVGO is a Outperform.
Score is driven primarily by strong financial performance (high margins and cash conversion) and upbeat earnings-call outlook led by accelerating AI growth and a large backlog. Offsetting the rating are a stretched valuation (high P/E with low yield) and a mixed/soft technical picture with negative MACD and the stock below its 50-day average.
To see Spark’s full report on AVGO stock, click here.
More about Broadcom Inc.
YTD Price Performance: -0.62%
Average Trading Volume: 31,327,033
Current Market Cap: $1578.5B