Broadcom To Rally Around 21%? Here Are 10 Top Analyst Forecasts For Friday
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, leading to positive stock movements for most. Notable mentions include Broadcom, Brunswick Corporation, Marvell Technology, and General Electric, among others, with upgrades and increased price targets reflecting optimistic outlooks.
March 08, 2024 | 1:45 pm
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POSITIVE IMPACT
JP Morgan increased Broadcom Inc.'s price target from $1,550 to $1,700, maintaining an Overweight rating. Shares rose 4.2% to close at $1,407.01.
The price target increase by a reputable analyst firm like JP Morgan suggests strong confidence in Broadcom's future performance, likely driving investor optimism and stock price increase in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Jefferies raised Brunswick Corporation's price target from $95 to $115, maintaining a Buy rating. Shares gained 2% to close at $89.55.
The upgrade in price target by Jefferies indicates a positive outlook for Brunswick Corporation, potentially leading to increased investor interest and a short-term stock price rise.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
JP Morgan raised General Electric's price target from $166 to $180, upgrading the stock from Neutral to Overweight. Shares gained 4.4% to close at $166.50.
The upgrade and price target increase for General Electric by JP Morgan likely signal strong confidence in the company's outlook, driving investor optimism and a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Roth MKM increased Marvell Technology's price target from $60 to $95, maintaining a Buy rating. Shares rose 4.6% to close at $85.09.
The significant price target increase for Marvell Technology by Roth MKM suggests strong future performance expectations, likely contributing to the stock's short-term upward movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100