Broadcom (NASDAQ:AVGO) Hits New 12-Month High - Time to Buy?

Market Beat
2025.10.29 14:43
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Broadcom Inc. (NASDAQ:AVGO) reached a new 52-week high of $381.30, with analysts providing mixed ratings. Arete Research upgraded the stock to "strong-buy," while Wall Street Zen downgraded it to "hold." Target prices range from $345 to $460, indicating potential upside. The company reported Q3 earnings of $1.69 EPS, surpassing estimates, with a revenue increase of 22% year-over-year. Broadcom also announced a quarterly dividend of $0.59. Insider trading activity showed significant sales by executives, while institutional investors have been active in buying and selling shares.