Oppenheimer Reiterates Outperform on Broadcom, Maintains $1500 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rick Schafer reiterates an Outperform rating on Broadcom (NASDAQ:AVGO) and maintains a $1500 price target.

March 08, 2024 | 1:44 pm
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Oppenheimer analyst Rick Schafer reiterates an Outperform rating on Broadcom and maintains a $1500 price target.
The reiteration of an Outperform rating and the maintenance of a high price target by a reputable analyst like Rick Schafer from Oppenheimer can be seen as a strong vote of confidence in Broadcom's future performance. This could positively influence investor sentiment and potentially lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100