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Benzinga
Benzinga
Business
Anusuya Lahiri

Read How Analysts Reacted To Broadcom's Q1 Results

  • Analysts boosted their price targets on Broadcom Inc (NASDAQ:AVGO) post Q1 FY22 results.
  • Baird analyst Tristan Gerra raised the price target on Broadcom from $690 to $700 (21% upside) and kept an Outperform
  • The analyst said strong demand continues and will likely accelerate year-over-year this quarter, driven by enterprise IT, hyper-scale and cloud, switches upgrades in networking, storage network connectivity, next-generation PON, and DOCSYS in broadband.
  • Mizuho analyst Vijay Rakesh maintained Broadcom with a Buy and raised the price target from $665 to $700.
  • Keybanc analyst John Vinh maintained Broadcom with an Overweight and raised the price target from $710 to $720 (24.4% upside).
  • Rosenblatt analyst Hans Mosesmann maintained Broadcom with a Buy and raised the price target from $750 to $775 (34% upside).
  • Morgan Stanley analyst Joseph Moore maintained Broadcom with an Overweight and lowered the price target from $723 to $703 (21.5% upside).
  • Price Action: AVGO shares traded higher by 2.83% at $595.00 in the premarket on the last check Friday.
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