Jefferies Maintains Buy on Broadcom, Raises Price Target to $1616
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Vedvati Shrotre maintains a Buy rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1035 to $1616.

March 08, 2024 | 12:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Jefferies maintains a Buy rating on Broadcom and raises the price target from $1035 to $1616.
The increase in price target by a reputable analyst firm like Jefferies is a strong positive signal for Broadcom. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100