Piper Sandler Maintains Overweight on Broadcom, Raises Price Target to $1650
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1250 to $1650.
March 08, 2024 | 12:58 pm
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POSITIVE IMPACT
Piper Sandler maintains an Overweight rating on Broadcom and raises the price target from $1250 to $1650.
The increase in price target by a reputable analyst such as Harsh Kumar from Piper Sandler is a strong positive signal for Broadcom. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100