Broadcom stock price holds near $331 after Wolfe upgrade; AVGO eyes Google TPU demand
Broadcom shares held steady near $331 in after-hours trading Friday following Wolfe Research’s upgrade to Outperform from Peer Perform, with a $400 price target in tow. The stock gained around 0.2% during the day, closing at $331.30 after swinging between $322.77 and $338.17 on roughly 28 million shares traded. Wolfe analyst Chris Caso said the firm “could no longer ignore” Broadcom’s growth and edge in tensor processing units.
