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Broadcom's stock surges 113.46% yearly, with analysts raising targets to $290-$325 after strong earnings.
Broadcom, a major semiconductor manufacturer, has seen its stock price targets rise across multiple financial firms, with forecasts ranging from $290 to $325, reflecting strong earnings reports.
The company recently reported a quarterly EPS of $1.58, exceeding expectations, and a revenue of $15 billion, a 20.2% increase year-over-year.
Analysts predict a 5.38 EPS for the current fiscal year.
Despite institutional ownership accounting for 76.43% of its stock, Broadcom's shares have surged 113.46% in the last year, making it a promising investment.
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Las acciones de Broadcom suben 113.46% anualmente, con analistas elevando objetivos a $290-$325 después de fuertes ganancias.