Read How Analysts Reacted To Broadcom's Q1 Results

Analysts boosted their price targets on Broadcom Inc AVGO post Q1 FY22 results.
Baird analyst Tristan Gerra raised the price target on Broadcom from $690 to $700 (21% upside) and kept an Outperform.
The analyst said strong demand continues and will likely accelerate year-over-year this quarter, driven by enterprise IT, hyper-scale and cloud, switches upgrades in networking, storage network connectivity, next-generation PON, and DOCSYS in broadband.
Mizuho analyst Vijay Rakesh maintained Broadcom with a Buy and raised the price target from $665 to $700.
Keybanc analyst John Vinh maintained Broadcom with an Overweight and raised the price target from $710 to $720 (24.4% upside).
Rosenblatt analyst Hans Mosesmann maintained Broadcom with a Buy and raised the price target from $750 to $775 (34% upside).
Morgan Stanley analyst Joseph Moore maintained Broadcom with an Overweight and lowered the price target from $723 to $703 (21.5% upside).
Price Action: AVGO shares traded higher by 2.83% at $595.00 in the premarket on the last check Friday.

Momentum86.67

Growth78.74

Quality78.76

Value9.63

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Medium

Long

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