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Barchart

Wajeeh Khan

Broadcom Stock Just Scored a New Bullish Rating. Here's Why.

Broadcom AVGO Harsh Kumar United States BMO Barchart BMO Capital Markets Google

Broadcom (AVGO) shares inched higher on Friday after BMO Capital Markets initiated coverage of the semiconductor giant with an “Outperform” rating.

Citing artificial intelligence (AI) tailwinds, analyst Harsh Kumar set his price target for AVGO at $455, indicating potential upside of more than 25% from current levels.

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One subscription that gives you access to news from hundreds of sites

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These Minnesota Parents Were Censored at a Public Meeting for Saying School Employees' Job Titles

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