Why did Broadcom stocks jump today?

After selling yesterday Broadcom (AVGO 5.42%)) Stocks rebounded on Friday. The company’s stock price rose 5.4%of the day. one side, S & P 500 (^GSPC 1.81%)) and Nasdaq composite (^ixic 2.06%)) It increased 1.8% and 2.1%, respectively.

Broadcom stocks gained significant profits during a rebound transaction for a wider market. The company’s share price also seems to have risen from the new analyst. Even though the scope has lowered the one -year price target and arrived.

Broadcom stocks rise on the market of market

After the White House announced that China’s effective tariff rate was actually 145%, the stock sold out yesterday was much higher than the high rate cited by President Trump’s message already posted on social media. However, the market saw significant recovery driving force on Friday transactions, and Broadcom’s evaluation rose in the recovery rally.

However, despite today’s profits, stocks have decreased by 22% in 2025, which is about 27 times the expected income this year.

CITI maintains a strong strength in Broadcom, even if the price target is lowered.

Before the market begins this morning Citigroup Analyst Christopher Danily announced a new guarantee and lowered the one -year price target of Broadcom stocks from $ 220 to $ 210 per share. Analysts are now more likely to stagnate the US economy, and China’s tariffs are expected to have a big impact on the import and evaluation of semiconductor stocks.

Meanwhile, CITI’s lead analyst at Broadcom still maintained a purchase rating for stocks. If stocks achieve Danely’s new price goals, it still means about 15%of the current evaluation level.