Oppenheimer Maintains Outperform on Broadcom, Raises Price Target to $1100
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rick Schafer has maintained an Outperform rating on Broadcom (NASDAQ:AVGO) and increased the price target from $990 to $1100, indicating a positive outlook on the company's stock performance.
December 04, 2023 | 1:15 pm
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Oppenheimer analyst Rick Schafer has reaffirmed Broadcom's Outperform rating and raised the price target to $1100, suggesting confidence in the company's future stock performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
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