AVGO Crosses Above Average Analyst Target
December 02, 2020 at 09:12 AM EST
In recent trading, shares of Broadcom Inc (AVGO) have crossed above the average analyst 12-month target price of $402.95, changing hands for $404.57/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..