Broadcom Limited (AVGO) Investor Meeting Yields 3 Key Takeaways - Piper Sandler

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $750.00 price target on Broadcom Limited (NASDAQ: AVGO) after hosting Broadcom’s CEO & CFO for an investor meeting that offered three takeaways:
1) the recent acceleration in hyperscale and cloud orders
2) the visibility provided by lead times
3) the continued momentum in enterprise and telco spending.

The analyst stated "Overall, we continue to like the Broadcom set-up. In addition, with its strong cash generation (and corresponding shareholder return policy), solid balance sheet, product stickiness, and relatively lower valuation, we believe investors should be considering Broadcom as a core holding in the current environment."

For an analyst ratings summary and ratings history on Broadcom Limited click here. For more ratings news on Broadcom Limited click here.

Shares of Broadcom Limited closed at $534.14 yesterday.

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