Why Broadcom Stock Edged Higher on Friday
Broadcom(US:AVGO) The Motley Foolยท2025-08-22 20:52The company is in the midst of the artificial intelligence (AI) revolution, and benefiting accordingly.Chip company Broadcom (AVGO 1.48%) finished the trading week on a high, with its share price closing the day with a 1.5% gain. A price target raise from an analyst tracking the stock played a large part in that improvement. The company's rise essentially matched that of the S&P 500 (^GSPC 1.52%). A new song from the PiperThat price target bump came from Piper Sandler's Harsh Kumar, who changed his fair-val ...