Broadcom (AVGO) Stock Falls -3.5%: What’s Next?

 

Broadcom Inc (AVGO) stock is down -3.5% Wednesday. AVGO stock is higher by 17.7% over the last 12 months, and the average rating from Wall Street analysts is a Moderate Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives AVGO stock a score of 70 out of a possible 100.

That score is primarily influenced by a fundamental score of 75. In addition to the average rating from Wall Street analysts, AVGO stock has a mean target price of $303.30. This means analysts expect the stock to climb 6.5% over the next 12 months. AVGO’s score also includes a short-term technical score of 68. The long-term technical score for AVGO is 68.

Click Here to get the full Stock Score Report on Broadcom Inc (AVGO).

What’s Happening with AVGO Stock Today

Broadcom Inc (AVGO) stock is down -3.5% while the S&P 500 is higher by 0.77% as of 1:00 PM on Wednesday, Jul 3. AVGO is lower by -$10.44 from the previous closing price of $295.33 on volume of 4,937,992 shares. Over the past year the S&P 500 has risen 9.87% while AVGO is higher by 17.7%. AVGO earned $8.10 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 35.18.

Symbols: AVGO

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