UBS Maintains Buy on Broadcom, Raises Price Target to $1610
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Buy rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1480 to $1610.
March 08, 2024 | 11:39 am
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POSITIVE IMPACT
UBS analyst Timothy Arcuri has raised the price target for Broadcom from $1480 to $1610 while maintaining a Buy rating.
The increase in price target by a reputable analyst like Timothy Arcuri signals a 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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100