Broadcom (AVGO) Upgraded by Japanese Firm

Larry Ramer

Wed, Apr 2, 2025, 8:29 AM 1 min read

Japanese concern slope Daiwa Securities raised its standing connected Broadcom (AVGO) banal to Buy from Outperform today, Schwab Network reported. As reasons for the upgrade, the slope cited "four beardown drivers" for the company, on with the stock's valuation.

A technician moving astatine a magnified microscope, processing a caller integrated circuit.

Broadcom's "Four Strong Drivers"

AVGO is well-positioned to payment from the spot of its application-specific integrated circuit processors and its networking products, Daiwa believes.

Additionally, Broadcom's VMware portion should grow significantly, portion its main semiconductor concern is connected the verge of returning to maturation aft delivering unimpressive results implicit the past 2 years, the Japanese steadfast stated.

The Valuation of AVGO Stock Is Attractive, Daiwa Says

After the shares tumbled 33% from their highs, the stock's valuation is "attractive," the Japanese concern slope stated.

Despite upgrading the shares, Daiwa chopped its terms people connected the sanction to $225 from $275.

The Recent Price Action of AVGO Stock

In the past month, AVGO sank 11.5%, portion it is down 27% successful the past 3 months. However, implicit the past year, it's up 24%.

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