JP Morgan Maintains Overweight on Broadcom, Raises Price Target to $1700
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur maintains an Overweight rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1550 to $1700.
March 08, 2024 | 11:00 am
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Broadcom's price target was raised from $1550 to $1700 by JP Morgan analyst Harlan Sur, maintaining an Overweight rating.
A price target increase by a reputable analyst like Harlan Sur from JP Morgan typically signals a strong bullish outlook on the stock, suggesting potential upside. This could lead to increased investor confidence and a positive short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100