Therefore, the Zacks rating upgrade for Broadcom Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Zacks.com users have been paying close attention to Broadcom Inc. (AVGO). This makes it worthwhile to examine what the stock has in store.

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Broadcom Inc. (NASDAQ:AVGO – Get Free Report)’s stock price shot up 3% on Friday after the company announced a dividend. The company traded as high as $193.18 and last traded at $184.85.

Broadcom Inc. (AVGO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).