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

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Goldman says Broadcom earnings were just a hiccup and to buy the dip
Stock Markets,Broadcom Inc,Business News

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

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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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