Goldman says Broadcom earnings were just a hiccup and to buy the dip

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Stock Markets,Broadcom Inc,Business News

The investment firm reiterated a buy rating on the chipmaker despite selling pressure following its latest earnings report.

Goldman Sachs said investors shouldn't pull the plug on Broadcom after its latest earnings report. Analyst Toshiya Hari reiterated a buy rating on the semiconductor and infrastructure software supplier on Friday. Hari's $190 price target implies shares can rally 24% from Thursday's closing level. Hari's call comes one day after Broadcom posted fiscal third-quarter earnings that beat analyst estimates for both revenue and earnings.

mountain Broadcom, year to date

 

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