Broadcom shares are trading higher after Oppenheimer raised its price target on the stock from $1,100 to $1,500.
Portfolio Pulse from Benzinga Newsdesk
Broadcom's stock price increased following Oppenheimer's decision to raise its price target for the company from $1,100 to $1,500.
March 01, 2024 | 5:36 pm
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Oppenheimer raised its price target on Broadcom from $1,100 to $1,500, leading to an increase in the stock's price.
The increase in Broadcom's price target by a reputable financial services firm like Oppenheimer signals a strong bullish outlook on the stock, likely leading to increased investor confidence and a short-term rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100