Bernstein Reaffirms Outperform Rating on Broadcom (AVGO), Keeps $400 PT

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks to buy according to billionaire Ray Dalio’s Bridgewater Associates. On October 8, Bernstein SocGen Group reaffirmed its “Outperform” rating on Broadcom Inc. (NASDAQ:AVGO). The firm also kept the $400 price target for the shares, citing confidence in the company’s future growth path. This decision draws on insights from a virtual meeting with Broadcom’s CEO and CFO, highlighting exceptionally strong compute demand and positive growth prospects. Bernstein Rea ...