Broadcom

Truist: Raised its price target on Broadcom (NASDAQ:AVGO) to $700 from $659.

March 2, 2023 — Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its first quarter of fiscal year 2023, ended January 29, 2023, provided guidance for the second quarter of its fiscal year 2023 and announced its quarterly dividend. Broadcom Inc. (Nasdaq: AVGO) reported non-GAAP net income of $10.33 per share for its fiscal Q1 ended Jan. 29, Analysts polled by Capital IQ expected $10.16. Revenue for the semiconductor and infrastructure software firm increased 16% year-over-year, rising to $8.92 billion,Analysts expected $8.9 billion. The company is projecting $8.7 billion in fiscal Q2 revenue. Analysts forecast $8.6 billion. •Revenue of $8,915 million for the first quarter, up 16 percent from the prior year period •Adjusted EBITDA of $5,678 million for the first quarter •Non-GAAP diluted EPS of $10.33 for the first quarter; GAAP diluted EPS of

Broadcom (NASDAQ:AVGO) Stock price trend forecast and trading range: The risk of short-term decline in the stock price is high, and it is not recommended to hold a position. Updated to: 2023.1.10 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: neutral Sell high and buy low of range : none Support: $540 resistance: $600 Stop Loss Price: $540 price target: $600 Buy the position again: stop fall Mid-term trend: neutral High sell low buy range: none Support: $540 resistance: $600 Stop Loss price: $540 price target: $600 Buy the position again: stop fall Long-term trend: bullish High sell low buy of range: none Support : $540 resistance: $600 Stop Loss price: $540 price target : $600 Buy the position again: stop fall From Analysis from financial statements: Revenue for the fourth quarter