📈 AVGO Earnings on Deck — Can Broadcom Deliver a 5th Straight Beat?
Citi just upgraded $AVGO, raising their target to $276 (from $210) ahead of Thursday's earnings. The bull case? Continued AI-driven demand, strong enterprise chip exposure, and a rock-solid track record — 4 consecutive beats.
Personally, I've had a small swing position in AVGO since the $240s. With the stock riding the same tailwinds as NVDA and AMD, I wouldn’t be surprised to see another upside surprise — especially if margins hold strong.
🧠 That said, with expectations now higher and the stock already up ~25% YTD, I'm cautious about post-earnings volatility. Might trim into strength and reload if we dip on profit-taking.
🎯 My play: Hold into earnings with tight stop. Add on dip toward $250 if it sells off without a thesis break.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
