Why This Analyst Just Raised Their Price Target on Broadcom Stock

Broadcom (AVGO) is one of the world’s leading technology companies specializing in semiconductor infrastructure software. The company works on everything, from data centers and networking gear to wireless devices and cybersecurity solutions. Broadcom’s cutting-edge chips and systems enable faster internet, AI innovations, and secure enterprise operations for tech giants.

Founded in 1991, the company is headquartered in Palo Alto, California, with operations spanning across 25 countries.

Broadcom Stock Report

Broadcom’s stock has shown mixed performance lately as the stock reacts to market volatility with a drop of 3% over the previous five days and a negative 7% return over a month. Year-to-date (YTD), the stock reflects broader tech pressure, sliding over 6%…