Wall Street big banks collectively sing Broadcom (AVGO.US), Morgan Stanley said its short-term turning point has appeared, raised the target price to $462.

On Friday, Broadcom (AVGO.US) became the focus of attention on Wall Street. The technology giant, which spans the software and semiconductor fields, received high praise from several investment banks after releasing its latest financial report and performance guidance. However, despite initially rising after the report was released, the stock price of Broadcom later gave up its gains as some investors worried about potential profit margin pressures in the future. As of the time of writing, the stock had fallen by over 10%, to $365.