Mizuho Maintains Buy on Broadcom, Raises Price Target to $1450
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh maintains a Buy rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1250 to $1450, indicating a positive outlook on the company's stock.

February 13, 2024 | 4:58 pm
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Mizuho analyst Vijay Rakesh maintains a Buy rating on Broadcom and raises the price target from $1250 to $1450, signaling confidence in the company's future performance.
The increase in price target by a reputable analyst like Vijay Rakesh suggests a strong bullish sentiment towards Broadcom's stock. This is likely due to positive expectations about the company's future earnings, growth, or market position. Such a significant adjustment in the price target can influence investor perception and potentially lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100