Market Movers rounded up the latest reactions on Broadcom from investors and analysts. The pros discussed the semiconductor company a day after it announced quarterly results that beat estimates but also reported fiscal fourth-quarter revenue guidance that was roughly in line with expectations. Nevertheless, UBS is maintaining its buy rating and $925 price target on Broadcom’s stock, saying the chipmaker is a “prime beneficiary” of the artificial intelligence fight. The chipmaker ended the trading day down about 5.5%. The stock is currently held in Jim Cramer’s Charitable Trust portfolio.
#Broadcom #slips #issuing #fiscal #fourthquarter #revenue #guidance #pros #good #time #buy
Post Views: 12
Related Posts:
- Adobe falls after the software giant posts quarterly…
- Stocks making the biggest moves midday: PagerDuty, Dell,…
- The Club had a busy week of trades as the stock market…
- Stocks making the biggest moves after hours: Dell, Lululemon…
- Stocks like Microsoft offer 'double digit growth' ahead…
- Marvell Technology posts slight Q2 earnings beat - Yahoo…