Broadcom reaches 52-week high amid ING partnership.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Dec 25
Source: Coinmarketcap
Broadcom Inc's stock rose by 3.28% and reached a 52-week high as the company announced an extension of its partnership with ING for the implementation of VMware Cloud Foundation 9.0.
This strategic collaboration aims to enhance ING's private cloud infrastructure, allowing for improved security and compliance in the financial services sector. The upgrade will enable ING to better meet global regulatory requirements while accelerating its digital banking capabilities.
The implications of this partnership are significant, as it positions Broadcom as a key player in the cloud infrastructure market, potentially leading to increased demand for its services and products in the financial sector.
Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVGO is 462.58 USD with a low forecast of 390.00 USD and a high forecast of 525.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
27 Buy
1 Hold
0 Sell
Strong Buy
Current: 320.050
Low
390.00
Averages
462.58
High
525.00
Current: 320.050
Low
390.00
Averages
462.58
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
