Breaking: Broadcom Inc. (AVGO) Surged 11% Yesterday Eyeing $500

Broadcom Inc. (NASDAQ; AVGO) shares saw a noteworthy uptick of 11% in extended market trading further extending the gains to todays premarket session up by 2.34%.

Should the stock break the ceiling of the $388 resistant zone, coupled with the RSI at 61, a bullish move to the $500 resistant is feasible and possibly $700 before the year runs out.

Similarly, failure to pull that stunt from AVGO might resort to a move to the $250 support point.

With earnings slated for December 11th, 2025, In 2024, Broadcom's revenue was $51.57 billion, an increase of 43.99% compared to the previous year's $35.82 billion. Earnings were $5.90 billion, a decrease of -58.14%.

Analyst Summary
According to 28 analysts, the average rating for AVGO stock is "Strong Buy." The 12-month stock price target is $353.86, which is a decrease of -6.38% from the latest price.

About AVGO
Broadcom Inc. designs, develops, and supplies various semiconductor devices and infrastructure software solutions worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides Ethernet switching and routing custom silicon solutions, optical and copper physical layer devices, and fiber optic transmitter and receiver components; set-top box system-on-chips (SoCs), data over cable service interface specifications cable modem and networking infrastructure.