AVGO 187 AFTER EARNINGS ?

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Broadcom (AVGO) is setting the stage for a potentially explosive earnings report. With the tech sector, particularly AI, driving growth, here's why AVGO might just hit $187:

Earnings Expectations: Analysts are predicting a revenue of 12.96B for the next quarter, showcasing a significant jump from last year's 8.8B. This growth trajectory is fueled by Broadcom's strategic positioning in AI and enterprise solutions.
Market Sentiment: The buzz around AVGO on X is palpable. From stock split announcements to bullish analyst price targets, the sentiment is overwhelmingly positive. A recent post highlighted a potential for AVGO to be the next stock hitting $200, given its performance and market conditions.
Technical Analysis: The stock's chart shows strong support above key moving averages, suggesting bullish momentum. A break above previous highs could see AVGO testing new levels, with some even eyeing an all-time high of $184, which could easily extend to $187 with positive earnings news.
AI and Market Growth: Broadcom's integration of VMware and its AI segment growth are expected to contribute significantly. With AI markets projected to grow by 40% in 2024, AVGO's AI-related revenues could exceed $10 billion this year, up from $4.2 billion in 2023.
Price Targets: Rosenblatt's raised price target to $240 from $165 indicates strong confidence in Broadcom's future, driven by AI and enterprise software synergies.

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