META - Why Are Broadcom Shares Moving Monday? | Benzinga
Broadcom Inc. (NASDAQ:AVGO) shares are trading higher Monday afternoon after Morgan Stanley reinstated coverage with an Overweight rating and set a price target of $1,658.
What To Know: Broadcom, already recognized as a top AI semiconductor supplier by JPMorgan analyst Harlan Sur, is expected to deliver a strong performance in its upcoming fiscal second-quarter earnings report on June 12. The company is likely to report a modest beat, with estimated EPS of $10.80 and ...