Trade War Risks Make Some Analysts Cautious on Broadcom
The stock market is very volatile due to the US-China trade war, and semiconductor stocks have been showing sharp price movements. Wall Street analysts are optimistic on Broadcom (AVGO) despite a weak full-year fiscal 2019 revenue guidance. Analysts have a median price target of $310 for Broadcom, reflecting an upside of 12% from the current trading price.