Broadcom shares are trading higher after Oppenheimer maintained an Outperform rating and raised its price target from $720 to $800.
Portfolio Pulse from Benzinga Newsdesk
Broadcom shares are trading higher after Oppenheimer maintained an Outperform rating and raised its price target from $720 to $800.
May 26, 2023 | 1:27 pm
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Oppenheimer maintains Outperform rating on Broadcom and raises price target from $720 to $800, leading to higher trading.
Broadcom's stock price is likely to experience a short-term positive impact due to Oppenheimer's maintained Outperform rating and increased price target. This news indicates that the analyst firm has a positive outlook on the company's performance, which can boost investor confidence and lead to higher trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100