Oppenheimer Reiterates Outperform on Broadcom, Raises Price Target to $1500
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rick Schafer has reiterated an Outperform rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1100 to $1500.
March 01, 2024 | 4:10 pm
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Oppenheimer analyst Rick Schafer has reiterated an Outperform rating on Broadcom and increased the price target from $1100 to $1500.
The increase in price target by a reputable analyst like Rick Schafer signals strong confidence in Broadcom's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in AVGO's stock price.
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