Broadcom Inc. (NASDAQ:AVGO) is a global technology company known for designing, developing, and supplying a broad range of semiconductor and infrastructure software solutions. The company operates in various segments, including wired infrastructure, wireless communications, enterprise storage, and industrial solutions. Broadcom competes with other tech giants like Intel and Qualcomm in the semiconductor industry.
On November 20, 2025, Raymond James set a price target of $420 for AVGO, while the stock was trading at $366. This target suggests a potential upside of approximately 14.75%. The announcement, published by TheFly, titled "Broadcom resumed with an Outperform at Raymond James," indicates a positive outlook for the stock.
Today, Broadcom's stock is experiencing a rise, with its share price increasing by 2.8% as of 2:40 p.m. ET. Earlier in the session, it reached a peak of 5.6%. This upward movement is attributed to the company's announcement of two new product launches. Broadcom introduced the Brocade X Directors and Brocade G820 56-port switch, the tech industry's first 128G Fibre Channel platforms designed for AI workloads.
Additionally, Broadcom's stock is benefiting from investor optimism surrounding Nvidia's upcoming Q3 earnings report. Investors are betting on a strong performance from Nvidia, which has contributed to the positive sentiment around Broadcom. At the time of writing, Nvidia's stock had risen by 1.9%, highlighting the interconnectedness of tech stocks in the AI sector.
Currently, AVGO is trading at $346.82, having experienced a decrease of 2.14% with a price drop of $7.60. The stock's price has ranged from a low of $345.20 to a high of $376.08 today. Over the past year, AVGO has reached a high of $386.48 and a low of $138.10. The company's market capitalization stands at approximately $1.63 trillion, with a trading volume of 28.38 million shares.
