Rosenblatt Maintains Buy on Broadcom, Raises Price Target to $1160
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Hans Mosesmann has maintained a Buy rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1000 to $1160.
December 08, 2023 | 1:19 pm
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POSITIVE IMPACT
Rosenblatt analyst Hans Mosesmann reaffirms a Buy rating on Broadcom and raises the price target to $1160, indicating a positive outlook on the stock.
The increase in price target by a respected analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100