Why Broadcom Stock Jumped Today
Broadcom(AVGO) The Motley Fool·2024-01-19 20:43Shares of Broadcom (AVGO 5.58%) were up 6.1% as of 3 p.m. ET Friday following a bullish analyst note from Goldman Sachs on the semiconductor products company.Why Goldman Sachs expects Broadcom to outperformIn a note to clients this morning, Goldman analyst Toshiya Hari reinstated coverage on Broadcom with a buy rating and a 12-month price target of $1,325 -- a 16% premium from yesterday's close.To justify his bullishness, Hari pointed to double-digit percent growth in Broadcom's products related to generati ...