Goldman Sachs Reinstates Buy on Broadcom, Announces $1325 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has reinstated a Buy rating on Broadcom (NASDAQ:AVGO) and set a price target of $1325 for the stock.

January 19, 2024 | 11:07 am
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POSITIVE IMPACT
Goldman Sachs analyst Toshiya Hari reinstated Broadcom with a Buy rating and a price target of $1325, indicating a positive outlook for the stock.
The reinstatement of a Buy rating by a prominent analyst from Goldman Sachs, along with a high price target, is a strong positive signal for the stock. It suggests confidence in the company's future performance and may lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100