Is Broadcom Stock Going to $1,680? 1 Wall Street Analyst Thinks So.
(NASDAQ: AVGO) stock started 2024 on the right note, rising 26% until it told investors on Thursday how it expects to perform over the rest of 2024. Investors were disappointed that Broadcom predicted revenue slightly short of estimates, and Broadcom stock fell 7% on Friday.
But not to worry! Bank of America analyst Vivek Arya says this is just a temporary setback and Broadcom stock will climb to $1,680 If you bought Broadcom at Friday's closing price, BofA thinks you can expect to earn roughly 28% within a year.
Source Fool.com