Wall Street analyst updates Broadcom (AVGO) stock price

Broadcom: A Trillion Dollar Stock with Double-Digit Growth Projections

Broadcom (AVGO) hit a new all-time high in morning trading on July 31. The stock has strong technical momentum and a 100% “Buy” signal via Barchart. Shares have more than doubled over the past year and are up 31% in the year to date. Revenue and earnings are projected to...

Wall Street analyst updates Broadcom (AVGO) stock price

Broadcom (NASDAQ: AVGO) on Wednesday received a bullish endorsement from Morgan Stanley, which maintained its ‘Overweight’ rating on the stock. The bank’s analyst, Joseph Moore, also raised the stock’s price target to $338 from the previous $270. As of press time, Broadcom was trading at $297.42, implying an upside potential of 13.6% based on the new target. AVGO one-week stock price chart. Source: Finbold The revised target reflects growing con…