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Broadcom Limited (AVGO) Management Meeting Highlights VMWare Plan - Oppenheimer

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Deutsche Bank Reiterates Buy Rating on Broadcom (AVGO) Following NDR, Demand Seen Continuing to Outpace Supply

June 17, 2022 7:12 AM EDT

Deutsche Bank analyst Ross Seymore reiterated a Buy rating and $700.00 price target on Broadcom Limited (NASDAQ: AVGO) after a non-deal roadshow with the CEO and CFO .

The analyst commented, "Similar to its recent F2Q earnings call commentary, mgmt sees demand continue to outpace supply as backlog continues to increase ($29b in F2Q vs. $25b in F1Q) with high visibility (52 weeks lead... More