Analyst Bio:
Hans Mosesmann, an analyst at Rosenblatt, has reaffirmed a Buy rating on Broadcom (NASDAQ:AVGO) and kept the price target at $775. Broadcom is a well-known semiconductor manufacturer in the market and has been given a consensus rating of buy by analysts. The company’s revenue is expected to remain strong as data providers and big companies continue to expand their infrastructure. Despite the recent decline in Broadcom’s stock price, some analysts view it as a chance to purchase shares of the company at a lower price.
