Broadcom Limited (AVGO) PT Lowered to $201 at Evercore ISI
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Broadcom Limited (AVGO) PT Lowered to $200 at Cantor Fitzgerald
July 17, 2024 6:35 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on Broadcom Limited (NASDAQ: AVGO) to $200.00 (from $2,000.00) while maintaining a Overweight rating.
The analyst comments "Broadcom announced a 10-for-1 stock split last Q that officially took effect Monday before the open.... More
Broadcom sees a $150B+ opportunity for cumulative AI revenues over the next 5 years
July 16, 2024 10:01 AM EDTIn a note Tuesday, investment bank JPMorgan said that in a recent investor group meeting they hosted, Broadcom's (NASDAQ: AVGO) management highlighted significant growth opportunities in AI and its core semiconductor business.
Key executives, including President and CEO Hock Tan, President of Semiconductor Solutions Group Charlie Kawwas, and head of IR Ji Yoo, provided insights into the company's outlook.
JPMorgan analysts noted several important takeaways from the meeting.... More
Citi expects a positive earnings season for chip stocks. Here are their top picks
July 15, 2024 11:30 AM EDTCiti analysts are bullish on the semiconductor sector, anticipating a strong 2Q24 earnings season driven by AI growth, inventory replenishment in the industrial sector, and stabilization in key end markets like PCs, wireless, and data centers.
"We expect the 2Q24 earnings season to be a positive catalyst for the semi space with aggregate estimates moving higher," Citi said in a note to clients Monday.
They stated that AI remains a significant driver, with expanding demand from government agencies, universities, and businesses of various sizes.... More
