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Tiger Global Management LLC, managed by Chase Coleman, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 14,000 shares.
Recent Updates on Broadcom Inc. stock
Broadcom (AVGO) shares have been volatile, recently dropping as much as 9% over a week and 8.4% over a month, though they remain up roughly 50–60% over the past year. Despite pullbacks, Wall Street maintains a StrongBuy consensus with average 12‑month targets around $458–$460 versus current prices near $320–$343, implying sizable upside.
Bullish analysts like Chris Caso and Harlan Sur highlight Broadcom’s key role in Google’s TPU roadmap and booming AI ASIC and networking demand, projecting tens of billions in AI revenue and strong EPS growth into 2027. A more cautious voice, Gil Luria, initiated with a Hold, warning Broadcom’s AI ASIC business could face margin pressure as hyperscalers internalize hardware, though he still sees durable strength in networking and values the stock on robust long‑term returns.
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: -3.92%
Average Trading Volume: 31,751,491
Current Market Cap: $1576.7B