Is Broadcom a Buy on the Dip? 1 Wall Street Analyst Thinks It Can Nearly Double From Here.

Broadcom (NASDAQ: AVGO) has emerged as a key player in the artificial intelligence races, perhaps second only to Nvidia in terms of the benefit and uplift from the AI infrastructure buildout.But like Nvidia, the stock also sold off mightily after its recent third quarter earnings report. While revenue and earnings per share beat expectations, Broadcom's guidance was on the lighter side compared with high analyst expectations.With the stock now down 17.5% off its all-time high, is this a buy-the-dip opportunity? One analyst thinks so. The most bullish price target on Broadcom is $240, amounting to 71% upside from here.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool