Wells Fargo Maintains Equal-Weight on Broadcom, Raises Price Target to $800
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers maintains an Equal-Weight rating on Broadcom (NASDAQ:AVGO) and raises the price target from $600 to $800.
June 02, 2023 | 12:33 pm
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POSITIVE IMPACT
Wells Fargo maintains an Equal-Weight rating on Broadcom and raises the price target from $600 to $800.
The price target increase from $600 to $800 by Wells Fargo analyst Aaron Rakers is a positive signal for Broadcom's stock. This indicates that the analyst believes the stock has potential for growth in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the raised price target could lead to increased investor interest and a potential short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100