From NASDAQ.: 2025-02-12 07:45:00

Broadcom Inc. (AVGO) saw a 130% gain in 2024, but a recent selloff caused a 20% drop. Despite this, the stock has rebounded 20% in the past two weeks, with momentum on its side and potential for further growth. The semiconductor sector remains strong, and Broadcom is a leader in AI and cloud computing.

Broadcom’s December earnings report showed strong growth, with revenue up over 50% and raised guidance. Increasing dividends signal confidence in long-term earnings stability. Analysts from Morgan Stanley, Jefferies, Barclays, and Mizuho have reiterated bullish ratings, with price targets indicating further upside potential.

Morgan Stanley slightly revised its price target for Broadcom, citing valuation concerns. Competition in the AI sector, especially from China, poses a risk. Despite these challenges, Broadcom’s technical setup remains favorable, with room for further upside. The current price range could be an attractive entry point for investors.

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Read more at NASDAQ.:: Broadcom Stock: Why the Upside Is Too Good to Ignore