Bernstein Raises Broadcom's Price Target from $525 to $550

BlockBeats News, June 4th, Bernstein announced that it has raised its target price for Broadcom (AVGO.O) from $525 to $550.

In pre-market trading, Broadcom's stock price dropped over 14% to $410. For more analysis, see BlockBeats' article today, "Earnings Doubled But Stock Price Plummeted, What Signal Is Broadcom Sending?".