Popular stocks with increasing volume: AVGO DAL AAL INTC SOFI

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Rosenblatt Reiterates Buy Rating on Broadcom Limited (AVGO)

September 6, 2024 7:00 AM UTC

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $240.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Broadcom delivered modest July quarter results on VMWare enterprise S/W upside, semi AI compute/networking momentum, and emerging recovery in non-AI semi units. The October quarter outlook was mixed at $14.0B, above our $13.6B... More

Bernstein SocGen Group Reiterates Outperform Rating on Broadcom Limited (AVGO)

September 6, 2024 6:02 AM UTC

Bernstein SocGen Group analyst Stacy Rasgon reiterated an Outperform rating and $195.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Nevertheless under the lid things are still simmering here. The non-AI semi businesses at least appear to have bottomed (some... More

Piper Sandler Reiterates Overweight Rating on Broadcom Limited (AVGO)

September 6, 2024 5:40 AM UTC

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Broadcom reported solid results that largely met street expectations. In our opinion, the key takeaway from the call was that AI... More

Cantor Fitzgerald Reiterates Overweight Rating on Broadcom Limited (AVGO), 'shares remain a Top Pick'

September 6, 2024 5:40 AM UTC

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "While Broadcom raised its AI revenue outlook as expected for all of FY24 (to $12B from $11B), management only raised its FY24 revenue outlook to $51.5B (below our/buyside outlook for $51.75B+) resulting in a modest miss for the October Q guide ($14.0B vs. consensus of $14.1B and our previewed $14.2B+). Under the covers, however, investors should walk away encouraged by todays report.... More

Broadcom Limited (AVGO) PT Raised to $210 at JPMorgan, 'remains our top pick in semiconductors'

September 6, 2024 5:39 AM UTC

JPMorgan analyst Harlan Sur raised the price target on Broadcom Limited (NASDAQ: AVGO) to $210.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments "Broadcom delivered better Jul-Qtr results on continued Q/Q growth in its AI semiconductor segment (up 3-4% Q/Q), start of Q/Q cyclical recovery in server/ storage and traditional networking segments, and strong VMware business, offset by weaker trends in broadband/industrial. These growth dynamics are expected to accelerate into the Oct-Qtr (AI semis up 10% Q/Q, non-AI semis up 10% Q/Q) , 25%+ Q/Q growth in VMWare) and the... More

Broadcom Limited (AVGO) PT Raised to $190 at Goldman Sachs

September 6, 2024 5:31 AM UTC

Goldman Sachs analyst Toshiya Hari raised the price target on Broadcom Limited (NASDAQ: AVGO) to $190.00 (from $185.00) while maintaining a Buy rating.

The analyst comments "Although Broadcoms AI Semiconductor business fell shy of investor expectations (i.e. FY3Q revenue was flattish... More

Citi Reiterates Buy Rating on Broadcom Limited (AVGO)

September 6, 2024 5:25 AM UTC

Citi analyst Christopher Danely reiterated a Buy rating and $175.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Yesterday, Broadcom reported above-Consensus results due to strength from its AI business and VMware, but guided F4Q24 gross margin lower due to... More