Is Broadcom Stock Likely to Reach $1,680 According to Wall Street Analyst?
Monday, 11 March 2024, 19:48
Is Broadcom Stock Going to $1,680?
Is the optimism warranted? Broadcom (NASDAQ: AVGO) stock started 2024 on the right note, rising 26% until it told investors on Thursday how it expects to perform over the rest of 2024. Investors were disappointed that Broadcom predicted revenue slightly short of estimates, and Broadcom stock fell 7% on Friday.
Bank of America Analyst Predicts Growth
- Vivek Arya of Bank of America believes this setback is temporary
- Forecasts Broadcom stock climbing to $1,680 in the near future
- Projects a 28% return for investors within a year
Should you invest $1,000 in Broadcom right now?
Before considering an investment, understand the analysts' perspectives and evaluate the potential growth opportunities in Broadcom.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.