Wall Street sets Broadcom (AVGO) stock price for next 12 months

JPMorgan analyst Harlan Sur issued a strong endorsement of Broadcom, saying the firm would be "aggressive buyers at current levels." The note is a bullish analyst call rather than a fundamental update, so the likely impact is limited but supportive for AVGO sentiment.

Analysis

JPMorgan analyst Harlan Sur issued a strong endorsement of Broadcom, saying the firm would be "aggressive buyers at current levels." The note is a bullish analyst call rather than a fundamental update, so the likely impact is limited but supportive for AVGO sentiment.