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Broadcom Inc. (AVGO) impressed the market with its 39% free cash flow (FCF) margins for Q4 ending Oct. 31. Moreover, based on guidance from Broadcom's bullish AI revenue outlook, analysts have substantially raised revenue forecasts. As a result, AVGO stock could still be significantly undervalued.
AVGO stock is up 22.5% today at $221.54, up from $180.66 yesterday. But it may still have a way to go.