Wall Street ends lower; fears of AI bubble and inflation send investors away
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Broadcom Limited (AVGO) PT Raised to $485 at Benchmark as 'a Lot to Be Encouraged by'
December 12, 2025 7:00 AM EST(Updated - December 12, 2025 8:28 AM EST)
Benchmark analyst Cody Acree raised the price target on Broadcom Limited (NASDAQ: AVGO) to $485.00 (from $385.00) while maintaining a Buy rating.
The analyst commented, "With Broadcoms shares having increased more than 120% over the past twelve months, we believe investors were prepped for profit taking, almost regardless of the strength of last nights earnings release. However, with the companys after-hour... More
