
Broadcom (NASDAQ:AVGO) Price Target Cut to $450.00 by Analysts at Bank of America

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Bank of America has reduced its price target for Broadcom (NASDAQ:AVGO) from $500.00 to $450.00 while maintaining a "buy" rating. This new target suggests a potential upside of 41.72% from the current stock price. Other analysts have also provided varying price targets, with Barclays setting a target of $500.00 and Benchmark at $485.00. Broadcom's stock opened at $317.53, with a market cap of $1.51 trillion and a P/E ratio of 66.71. The company reported a quarterly EPS of $2.05, exceeding estimates, and a revenue increase of 29.5% year-over-year.
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