Why Broadcom Stock Rallied on Monday
Shares of (NASDAQ: AVGO) surged higher today to kick off the week, jumping as much as 4.9%. As of 11:51 a.m. ET on Monday, the stock was still up 3.67%.
The catalyst that sent the artificial intelligence (AI) specialist higher was growing bullishness on Wall Street ahead of its high-profile stock split.
Last week, Broadcom released robust financial results and announced a stock split that caught Wall Street off guard. The strength of the company's results had analysts scrambling to update their price targets, further fueling the stock's rise. That trend continued this week as more analysts joined the party.
Source Fool.com
Broadcom Ltd. Stock
€145.04
-2.630%
With 61 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1407 € there is potential for a 870.08% increase which would mean more than doubling the current price of 145.04 € for Broadcom Ltd..
