The Latest Breaking News from Broadcom

Broadcom is near a buy zone with earnings due on or around March 3.

A whale with a lot of money to spend has taken a noticeably bearish stance on Broadcom. Looking at options history for Broadcom (NASDAQ:AVGO) we detected 16 strange trades.

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on Broadcom Inc (NASDAQ:AVGO) with a $750 price target after hosting management for an investor meeting. The price target implies an upside of 40.4%. The analyst is "feeling increasingly confident" about trends in 2022, given the recent acceleration in hyper-scale and cloud orders, the visibility provided…

Someone with a lot of money to spend has taken a bullish stance on Broadcom (NASDAQ:AVGO). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 10 years by 19.51% on an annualized basis.

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