Broadcom's Stock Has Been Slipping. These Analysts Say It's Time To Buy
AVGOBroadcom(AVGO) Investopedia·2024-09-07 04:40

Key TakeawaysBroadcom shares tumbled Friday after the company’s outlook disappointed investors, but Bank of America and Jefferies analysts said Broadcom's fall could present an opportunity to buy.Bank of America called Broadcom a “top compute pick,” citing the chipmaker's potential for growth driven by surging artificial intelligence demand.Bank of America, Jefferies, and every other analyst covering Broadcom tracked by Visible Alpha on Friday held a "buy" or equivalent rating for the stock. Broadcom (AVGO) ...