Why Broadcom Stock Was Sliding Today
Shares of Broadcom (NASDAQ: AVGO) were moving lower Friday after the diversified semiconductor company posted solid results in its fiscal 2024 first-quarter earnings report after the market closed Thursday, but failed to raise its guidance.
High expectations were also baked into the stock. The company is viewed as a beneficiary of the AI boom, and as its shares have risen in recent months in consequence.
As of 11:59 a.m. ET, the stock was down by about 6%.
Source Fool.com
Broadcom Ltd. Stock
€139.64
1.290%
The stock is an absolute favorite of our community with 68 Buy predictions and no Sell predictions.
Based on the current price of 139.64 € the target price of 1384 € shows a potential of 891.12% for Broadcom Ltd. which would more than double the current price.