5-star analyst resets Broadcom price target before earnings

Broadcom (AVGO) stock has gained almost 60% in the past year, at the time of writing, Tuesday morning, March 3, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 15.52% in the same period. A semiconductor giant with a vast product portfolio spanning wired infrastructure, wireless communications, enterprise storage, and industrial end markets has not only beaten the S&P 500 but also outpaced all but one Magnificent 7 member. Magnificent 7 losers in the past year compared to B ...