B of A Securities Maintains Buy on Broadcom, Raises Price Target to $1680
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Vivek Arya maintains a Buy rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1500 to $1680, indicating a positive outlook on the company's stock.
March 08, 2024 | 12:02 pm
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POSITIVE IMPACT
Broadcom's stock rating was maintained as Buy by B of A Securities, with the price target increased from $1500 to $1680.
The increase in price target by a reputable analyst such as Vivek Arya from B of A Securities suggests a strong confidence in Broadcom's future performance. This endorsement is likely to instill positive sentiment among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100