Keybanc Maintains Overweight on Broadcom, Raises Price Target to $1200
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1000 to $1200.
November 24, 2023 | 9:42 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Broadcom's Overweight rating is maintained by Keybanc, with a raised price target from $1000 to $1200, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like John Vinh from Keybanc suggests a strong conviction in Broadcom's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment adjusts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100