Cantor Fitzgerald Initiates Coverage On Broadcom with Overweight Rating, Announces Price Target of $1300
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse has initiated coverage on Broadcom (NASDAQ:AVGO) with an Overweight rating and set a price target of $1300 for the stock.
January 23, 2024 | 10:24 am
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POSITIVE IMPACT
Broadcom receives an Overweight rating from Cantor Fitzgerald with a price target of $1300, indicating a positive outlook for the stock.
The initiation of coverage by Cantor Fitzgerald with an Overweight rating and a high price target suggests a strong bullish sentiment towards Broadcom's stock. This could lead to increased investor confidence and a potential short-term rise in the stock price as the market reacts to the positive analyst outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100