Analysts revise Broadcom stock price target after earnings

The ongoing artificial intelligence rally in the stock market has made companies such as Broadcom (NASDAQ: AVGO) real winners regarding performance, guidance, and stock growth.For the second quarter fiscal year 2024 results, the company announced on June 12 that it had outperformed analysts’ consensus estimates, reporting adjusted earnings per share of $10.96 compared to the expected $10.84 and revenue of $12.49 billion, surpassing the anticipated $12.03 billion. Impressive guidance and AVGO stock split Bro ...