Broadcom Limited (AVGO) Management Meeting Highlights VMWare Plan - Oppenheimer
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 14% on Q1 earnings beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Deutsche Bank Reiterates Buy Rating on Broadcom (AVGO) Following NDR, Demand Seen Continuing to Outpace Supply
June 17, 2022 7:12 AM EDTDeutsche 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