Mizuho analyst Vijay Rakesh lowered the firm’s price target on Broadcom to $700 from $725 and keeps a Buy rating on the shares. The company reported good October quarter results and guided January quarter revenue to a "better than feared" $8.9B, Rakesh tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on AVGO:
- Solid Earnings Report Boosts Broadcom Stock in After-Hours Trading
- Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results and Quarterly Dividend
- Broadcom raises quarterly dividend 12% to $4.60 per share
- Broadcom sees Q1 revenue $8.9B, consensus $8.79B
- Broadcom reports Q4 EPS $10.45, consensus $10.28