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.
Published first on TheFly
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- 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
