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SCS Capital Management LLC, managed by Antony J. Abbiati, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 18,610 shares.
Recent Updates on Broadcom Inc. stock
Broadcom (AVGO) shares have been volatile, recently sliding 8–9% over the past week and month after earlier gains, yet they still show roughly 50–60% appreciation over the last year. Despite the pullback, the stock trades near $320–$331, well below Street 12‑month targets around $458–$460, and is rated StrongBuy with analysts seeing substantial upside tied to AI and data‑center demand.
Recent analyst actions remain notably bullish: Wolfe Research’s Chris Caso upgraded AVGO to Buy with a $400 target, and J.P. Morgan’s Harlan Sur reiterated Buy with a $475 target, both highlighting Broadcom’s leading role in Google’s TPU roadmap and custom AI ASICs. Their models call for sharply rising AI ASIC and networking revenues into 2026–2028, supporting EPS estimates of roughly $15–$18 and valuations that still sit at or below Broadcom’s recent AI‑cycle multiples.
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: 31,575,037
Current Market Cap: $1630.7B